FY2026 Earnings Forecast for SPOT Issued By Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for Spotify Technology to $14.61 from $14.91, though that is still essentially in line with the broader consensus of $14.59 per share.
• The firm also issued a FY2027 earnings estimate of $18.01 per share, signaling expectations for continued profit growth beyond next year.
• Analyst sentiment remains generally positive overall, with Spotify holding a “Moderate Buy” consensus and an average price target of $645.77, even as several brokers recently trimmed their targets.

Spotify Technology (NYSE:SPOT - Free Report) - Erste Group Bank dropped their FY2026 earnings estimates for Spotify Technology in a research report issued to clients and investors on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $14.61 per share for the year, down from their prior estimate of $14.91. The consensus estimate for Spotify Technology's current full-year earnings is $14.59 per share. Erste Group Bank also issued estimates for Spotify Technology's FY2027 earnings at $18.01 EPS.

SPOT has been the subject of several other reports. Sanford C. Bernstein lowered their price objective on shares of Spotify Technology from $830.00 to $650.00 and set an "outperform" rating for the company in a research report on Wednesday, January 14th. Barclays lowered their price objective on shares of Spotify Technology from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Daiwa Securities Group assumed coverage on shares of Spotify Technology in a research report on Thursday, March 26th. They set an "outperform" rating and a $535.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Spotify Technology from $700.00 to $600.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Pivotal Research lowered their price objective on shares of Spotify Technology from $420.00 to $400.00 and set a "hold" rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of "Moderate Buy" and an average price target of $645.77.

Spotify Technology Trading Up 0.0%

NYSE SPOT opened at $417.86 on Monday. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $785.00. The company has a 50 day moving average of $496.76 and a 200-day moving average of $539.88. The company has a market cap of $86.03 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 1.03 and a beta of 1.55.

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

Institutional Trading of Spotify Technology

Institutional investors have recently modified their holdings of the business. Helios Capital Management PTE. Ltd. boosted its position in Spotify Technology by 56.3% during the third quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company's stock valued at $5,235,000 after acquiring an additional 2,700 shares during the last quarter. Bessemer Group Inc. boosted its position in Spotify Technology by 35.1% during the third quarter. Bessemer Group Inc. now owns 682,639 shares of the company's stock valued at $476,483,000 after acquiring an additional 177,310 shares during the last quarter. Principal Financial Group Inc. boosted its position in Spotify Technology by 12.9% during the fourth quarter. Principal Financial Group Inc. now owns 645,196 shares of the company's stock valued at $374,672,000 after acquiring an additional 73,722 shares during the last quarter. Truxt Investmentos Ltda. bought a new stake in Spotify Technology during the third quarter valued at $2,093,000. Finally, Ownership Capital B.V. bought a new stake in Spotify Technology during the third quarter valued at $2,769,000. Institutional investors own 84.09% of the company's stock.

Insider Buying and Selling at Spotify Technology

In related news, CEO Gustav Soderstrom sold 20,833 shares of the business's 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at approximately $33,560,425.39. This represents a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,102 shares of company stock valued at $21,444,648 over the last quarter. Company insiders own 0.40% of the company's stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify continues to draw bullish analyst attention, with recent commentary highlighting meaningful upside from current levels and noting that most covering analysts still rate the stock a Buy. Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before the Next Bull Run?
• Positive Sentiment: Spotify is expanding its AI push, including adding French, German, Italian, and Brazilian Portuguese support to its AI DJ feature, which could broaden engagement and strengthen product differentiation. Spotify's AI DJ now supports French, German, Italian and Brazilian Portuguese
• Positive Sentiment: Management is also leaning into AI-generated personal audio, suggesting a potential new growth avenue and longer-term monetization opportunity. Spotify wants to become the home for AI-generated personal audio
• Positive Sentiment: The company’s recent earnings report was solid, with an earnings beat and revenue slightly above expectations, reinforcing the case that fundamentals remain healthy.
• Neutral Sentiment: Spotify is receiving more investor attention online, which can increase trading interest but does not by itself change the business outlook. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
• Neutral Sentiment: Coverage of a Peloton earnings beat mentioned a Spotify partnership, but that looks more like incremental visibility than a major near-term driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
• Negative Sentiment: CEO Gustav Söderström sold 20,833 shares in a pre-arranged 10b5-1 sale, which can weigh on sentiment even though it was tied to tax withholding on vesting awards. Insider sale by Gustav Söderström
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Spotify, adding a legal overhang that could pressure the shares until more details emerge. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. - SPOT

About Spotify Technology

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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