FY2026 Earnings Forecast for SPOT Issued By Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for Spotify Technology to $14.65 from $14.79, though that is still slightly below the current consensus estimate of $14.72. The firm also initiated an FY2027 estimate of $18.17 per share.
• Analyst sentiment remains broadly positive despite the trim, with Spotify holding a “Moderate Buy” consensus rating and an average price target of $655.92. Recent notes from several brokers included target increases, while one firm cut its target.
• Spotify’s recent results were strong, as the company reported Q1 earnings of $4.04 per share versus the $3.41 consensus and revenue of $5.25 billion, above expectations. Revenue also rose 8.2% year over year.

Spotify Technology (NYSE:SPOT - Free Report) - Investment analysts at Erste Group Bank lowered their FY2026 earnings per share estimates for Spotify Technology in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $14.65 per share for the year, down from their previous forecast of $14.79. The consensus estimate for Spotify Technology's current full-year earnings is $14.72 per share. Erste Group Bank also issued estimates for Spotify Technology's FY2027 earnings at $18.17 EPS.

Several other brokerages have also recently weighed in on SPOT. Guggenheim reduced their price target on Spotify Technology from $600.00 to $565.00 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Rosenblatt Securities boosted their target price on Spotify Technology from $500.00 to $534.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Barclays increased their price objective on Spotify Technology from $500.00 to $565.00 and gave the company an "overweight" rating in a research report on Friday, May 22nd. Wall Street Zen upgraded Spotify Technology from a "hold" rating to a "buy" rating in a research report on Saturday, May 30th. Finally, Citizens Jmp raised their price target on Spotify Technology from $600.00 to $625.00 and gave the stock a "market outperform" rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Spotify Technology presently has an average rating of "Moderate Buy" and a consensus price target of $655.92.

Spotify Technology Price Performance

Shares of SPOT opened at $486.06 on Friday. The firm has a market cap of $100.07 billion, a PE ratio of 38.73, a PEG ratio of 1.23 and a beta of 1.56. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock's fifty day moving average price is $482.58 and its two-hundred day moving average price is $511.09.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The business's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share.

Insider Buying and Selling

In other Spotify Technology news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the completion of the transaction, the director owned 4,039 shares in the company, valued at approximately $2,099,714.54. The trade was a 39.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer owned 20,609 shares of the company's stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,442 shares of company stock worth $54,647,508 over the last quarter. Company insiders own 0.40% of the company's stock.

Institutional Trading of Spotify Technology

A number of institutional investors and hedge funds have recently modified their holdings of SPOT. Sivia Capital Partners LLC bought a new stake in shares of Spotify Technology in the 2nd quarter worth $312,000. Jump Financial LLC increased its holdings in shares of Spotify Technology by 5.2% in the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company's stock worth $869,000 after purchasing an additional 56 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Spotify Technology in the second quarter worth $178,000. NewEdge Advisors LLC grew its holdings in shares of Spotify Technology by 36.9% in the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company's stock worth $9,707,000 after acquiring an additional 3,412 shares during the period. Finally, Glenview Trust co bought a new stake in shares of Spotify Technology in the second quarter worth $298,000. Institutional investors own 84.09% of the company's stock.

More Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify’s Investor Day “North Star” outlook was well received, with coverage noting that the event helped reassure investors and briefly reignite optimism about the company’s long-term growth plan. Spotify's "North Star" Outlook Was Music to Investors Ears
• Positive Sentiment: Analyst commentary remains broadly constructive, with one note highlighting that Spotify still has meaningful upside potential and that most analysts remain rated bullish on the stock. Analyst Remains Positive on Spotify (SPOT) Despite 14% Drop In 2026 So Far
• Neutral Sentiment: Several market recaps noted recent daily volatility, including a prior session where SPOT outperformed the broader market and another where it slid even as the market rose; these reports reflect trading sentiment rather than a new business catalyst. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Coverage also pushed back on concerns about AI-generated content, saying Spotify is not deliberately uploading AI artists or music, which may help limit reputational uncertainty. No, Spotify isn't deliberately uploading AI artists and music
• Negative Sentiment: Erste Group Bank trimmed its FY2026 and FY2027 EPS estimates for Spotify, a sign that some analysts are modeling slightly softer earnings than before, even though estimates remain above the current consensus for FY2026. Spotify Technology NYSE: SPOT - Free Report
• Negative Sentiment: Spotify also faced negative publicity after reports that it removed more than 57,000 opioid-related podcasts, with a U.S. senator criticizing the company’s handling of the issue. Spotify quietly took down over 57,000 podcasts peddling opioids, a US senator says

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

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