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NYSE:SPOT

Spotify Technology (SPOT) Stock Forecast, Price & News

$155.52
-0.83 (-0.53%)
(As of 09/25/2023 ET)
Compare
Today's Range
$151.49
▼
$156.35
50-Day Range
$131.57
▼
$179.88
52-Week Range
$69.29
▼
$182.00
Volume
1.44 million shs
Average Volume
1.87 million shs
Market Capitalization
$30.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$166.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
6.7% Upside
$166.00 Price Target
Short Interest
Healthy
2.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.33mentions of Spotify Technology in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.12) to $0.62 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Business Services Sector

184th out of 313 stocks

Radio Broadcasting Stations Industry

9th out of 10 stocks

See Top Rated MarketRank™ Stocks Here

SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg, Luxembourg.

SPOT Price History

SPOT Stock News Headlines

September 25, 2023 | msn.com
Spotify testing AI-powered feature to translate podcasts into different languages
September 25, 2023 | msn.com
Spotify teams up with OpenAI to let podcasters translate episodes using their own voices
September 25, 2023 | Chaikin Analytics (Ad)
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September 25, 2023 | msn.com
Spotify will use AI to replicate podcasters' voices and translate them to other languages
September 25, 2023 | msn.com
Spotify's latest use of AI translates podcasters' voices into different languages
September 25, 2023 | finance.yahoo.com
Spotify tests voice translation feature for podcasts
September 25, 2023 | finance.yahoo.com
Spotify is using AI to imitate podcast hosts’ voices after plowing $1 billion into the business and breaking up with Prince Harry and Meghan
September 25, 2023 | finance.yahoo.com
Spotify's new AI-based technology can help podcasts break this barrier
September 25, 2023 | Behind the Markets (Ad)
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September 25, 2023 | msn.com
What is Spotify supremium? Long-awaited new subscription could be out soon
September 25, 2023 | msn.com
Spotify Is Testing AI-Powered Podcast Language Translation — Which Mimics the Podcaster’s Own Voice
September 25, 2023 | msn.com
Spotify's Supremium tier with lossless audio could launch at $20/month
September 25, 2023 | finance.yahoo.com
Spotify Technology S.A. to Announce Financial Results for Third Quarter 2023
September 22, 2023 | msn.com
Spotify may finally launch the hi-fi subscription plan it teased in 2021
September 22, 2023 | msn.com
Spotify's HiFi tier could finally be about to launch
September 22, 2023 | yahoo.com
Spotify's priciest lossless audio plan could sort playlists by "danceability"
September 22, 2023 | msn.com
Spotify's lossless HiFi tier is coming soon, according to leaked code
September 22, 2023 | msn.com
Don’t give up on Spotify HiFi – leaked code hints at pricing and hi-res audio features
September 21, 2023 | msn.com
Spotify sound wave tattoos - a brief 'IT' trend or a modern classic?
September 21, 2023 | msn.com
Spotify code suggests HiFi tier is coming with lossless audio for $20 / month
September 21, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Asure (ASUR) and Splunk (SPLK)
September 21, 2023 | msn.com
You can finally ask Siri to play Spotify on a HomePod
September 21, 2023 | msn.com
Spotify Daylist: How to get the new ever-changing playlist feature
September 18, 2023 | msn.com
Spotify’s Snake game is completely random and I love it
September 18, 2023 | finance.yahoo.com
Does Spotify (SPOT) Have a Long Runway for Growth?
September 15, 2023 | msn.com
You Can Transfer Music Between Spotify and Apple Music
September 15, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Salesforce (CRM) and DoubleVerify Holdings (DV)
See More Headlines
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SPOT Company Calendar

Last Earnings
7/25/2023
Today
9/25/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Radio broadcasting stations
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:SPOT
CUSIP
N/A
CIK
1639920
Web
www.spotify.com
Phone
46-7-022-046-07
Fax
N/A
Employees
8,359
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$166.00
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($5.35)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-453,050,000.00
Net Margins
-7.79%
Pretax Margin
-7.32%
Return on Equity
-42.48%
Return on Assets
-12.74%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.22
Quick Ratio
1.22

Sales & Book Value

Annual Sales
$12.36 billion
Price / Sales
2.45
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.09 per share
Price / Book
11.88

Miscellaneous

Outstanding Shares
194,680,000
Free Float
193,897,000
Market Cap
$30.28 billion
Optionable
Optionable
Beta
1.73

Social Links

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Key Executives

  • Mr. Daniel G. Ek (Age 40)
    Founder, CEO & Chairman
    Comp: $181.09k
  • Mr. Alex Norström (Age 45)
    Chief Bus. Officer & Co-Pres
    Comp: $411.29k
  • Mr. Gustav Söderström (Age 45)
    Co-Pres, Chief Product & Technology Officer
    Comp: $408.27k
  • Mr. Sven Martin Lorentzon (Age 54)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 50)
    Chief Financial Officer
    Comp: $609.99k
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 54)
    Gen. Counsel
  • Ms. Dustee Tucker Jenkins (Age 44)
    Chief Public Affairs Officer
  • Ms. Katarina Berg (Age 55)
    Chief HR Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPOT shares.
View SPOT analyst ratings or view top-rated stocks.

What is Spotify Technology's stock price forecast for 2023?

20 analysts have issued twelve-month price targets for Spotify Technology's stock. Their SPOT share price forecasts range from $95.00 to $250.00. On average, they expect the company's stock price to reach $166.00 in the next year. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2023?

Spotify Technology's stock was trading at $78.95 on January 1st, 2023. Since then, SPOT shares have increased by 97.0% and is now trading at $155.52.
View the best growth stocks for 2023 here.

Are investors shorting Spotify Technology?

Spotify Technology saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,490,000 shares, an increase of 36.9% from the July 31st total of 2,550,000 shares. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 1.7 days. Approximately 2.7% of the shares of the stock are short sold.
View Spotify Technology's Short Interest.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our SPOT earnings forecast.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings results on Tuesday, July, 25th. The company reported ($1.69) EPS for the quarter, missing the consensus estimate of ($0.80) by $0.89. The company earned $3.46 billion during the quarter, compared to analysts' expectations of $3.54 billion. Spotify Technology had a negative net margin of 7.79% and a negative trailing twelve-month return on equity of 42.48%.

What ETFs hold Spotify Technology's stock?

ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include Global X Social Media Index ETF (SOCL), Invesco Next Gen Media and Gaming ETF (PBS), ProShares On-Demand ETF (OND), First Trust IPOX Europe Equity Opportunities ETF (FPXE), Clockwise Capital Innovation ETF (TIME), Clough Select Equity ETF (CBSE), First Trust S-Network Streaming and Gaming ETF (BNGE) and SoFi Be Your Own Boss ETF (BYOB).

What guidance has Spotify Technology issued on next quarter's earnings?

Spotify Technology issued an update on its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.54 billion-$3.54 billion, compared to the consensus revenue estimate of $3.78 billion.

What is Daniel Ek's approval rating as Spotify Technology's CEO?

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.

What other stocks do shareholders of Spotify Technology own?

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).

When did Spotify Technology IPO?

(SPOT) raised $0 in an initial public offering (IPO) on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None acted as the underwriter for the IPO.

What is Spotify Technology's stock symbol?

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

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (13.24%), BlackRock Inc. (2.55%), Alecta Tjanstepension Omsesidigt (1.56%), Acadian Asset Management LLC (0.90%), State Street Corp (0.82%) and Renaissance Technologies LLC (0.60%).

How do I buy shares of Spotify Technology?

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.
Compare Top Brokerages Here.

What is Spotify Technology's stock price today?

One share of SPOT stock can currently be purchased for approximately $155.52.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $30.28 billion and generates $12.36 billion in revenue each year. The company earns $-453,050,000.00 in net income (profit) each year or ($5.35) on an earnings per share basis.

How many employees does Spotify Technology have?

The company employs 8,359 workers across the globe.

Does Spotify Technology have any subsidiaries?
The following companies are subsidiares of Spotify Technology: Anchor FM, Betty Labs Incorporated, Bill Simmons Media Group LLC, Chartable, Cord Project, CrowdAlbum, Cutler Media LLC, Findaway, Gimlet Media, Loudr, Mediachain, Megaphone LLC, MightyTV, Podsights, Podz Inc., Preact, S Servicios de Música México S.A. de C.V., Seed Scientific, Sonalytic, SoundBetter, Soundtrap AB, Soundwave, Spotify AB, Spotify Australia Pty Ltd, Spotify Brasil Serviços De Música LTDA, Spotify Canada Inc., Spotify France SAS, Spotify GmbH, Spotify India LLP, Spotify Italy S.r.l., Spotify Japan K.K, Spotify Ltd, Spotify Singapore Pte Ltd., Spotify Spain S.L., Spotify USA Inc., The Echo Nest, Tunigo, Whooshkaa, and niland.
Read More
How can I contact Spotify Technology?

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.

This page (NYSE:SPOT) was last updated on 9/25/2023 by MarketBeat.com Staff

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