Spotify Technology (SPOT) Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPOT shares.
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22 Wall Street research analysts have issued twelve-month target prices for Spotify Technology's stock. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they predict the company's share price to reach $143.75 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.

Spotify Technology's stock was trading at $78.95 at the beginning of the year. Since then, SPOT stock has increased by 90.3% and is now trading at $150.25.
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Spotify Technology saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,900,000 shares, an increase of 13.3% from the April 15th total of 2,560,000 shares. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.3% of the shares of the company are short sold.
View Spotify Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SPOT earnings forecast.

Spotify Technology S.A. (NYSE:SPOT) released its earnings results on Tuesday, April, 25th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by $0.23. The company earned $3.26 billion during the quarter, compared to analysts' expectations of $3.39 billion. Spotify Technology had a negative trailing twelve-month return on equity of 33.54% and a negative net margin of 6.49%.

ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include ProShares On-Demand ETF (OND), Global X Social Media Index ETF (SOCL), First Trust IPOX Europe Equity Opportunities ETF (FPXE), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust S-Network Streaming and Gaming ETF (BNGE), Gen Z ETF (ZGEN), First Trust International IPO ETF (FPXI) and Alger 35 ETF (ATFV).

Spotify Technology issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.43 billion-$3.43 billion, compared to the consensus revenue estimate of $3.62 billion.

343 employees have rated Spotify Technology Chief Executive Officer Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among the company's employees. This puts Daniel Ek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify Technology investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Block (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), Salesforce (CRM), Shopify (SHOP) and Walt Disney (DIS).

(SPOT) raised $0 in an IPO on Tuesday, April 3rd 2018. The company issued 0 shares at a price of $0.00 per share. None served as the underwriter for the IPO.

Spotify Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT."

Spotify Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (14.46%), Price T Rowe Associates Inc. MD (4.58%), BlackRock Inc. (2.32%), Alecta Tjanstepension Omsesidigt (1.77%), SRS Investment Management LLC (1.16%) and Wellington Management Group LLP (0.89%).

Shares of SPOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPOT stock can currently be purchased for approximately $150.25.

Spotify Technology (NYSE:SPOT) has a market capitalization of $28.58 billion and generates $12.36 billion in revenue each year. The company earns $-453,050,000.00 in net income (profit) each year or ($4.57) on an earnings per share basis.

The company employs 8,359 workers across the globe.

Spotify Technology's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The official website for the company is www.spotify.com. The company can be reached via phone at 46-7-022-046-07 or via email at ir@spotify.com.