NYSE:SPOT

Spotify Technology (SPOT) Stock Forecast, Price & News

$154.64

+1.11 (+0.72%)

(As of 09/29/2023 08:53 PM ET)

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Today's Range: $154.52
▼
$158.90
50-Day Range: $131.57
▼
$163.82
52-Week Range: $69.29
▼
$182.00

Volume: 1.48 million shs
Average Volume: 1.85 million shs
Market Capitalization: $30.11 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $166.00

Spotify Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 7.3% Upside
$166.00 Price Target
Short Interest: Healthy
2.52% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: 0.20
Based on 49 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.

2.00 out of 5 stars

Business Services Sector

211th out of 311 stocks

Radio Broadcasting Stations Industry

9th out of 10 stocks

2.4

Analyst's Opinion

Consensus Rating
Spotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 15 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $166.00, Spotify Technology has a forecasted upside of 7.3% from its current price of $154.64.
Amount of Analyst Coverage
Spotify Technology has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.52% of the float of Spotify Technology has been sold short.
Short Interest Ratio / Days to Cover
Spotify Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Spotify Technology has recently decreased by 1.82%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Spotify Technology does not currently pay a dividend.
Dividend Growth
Spotify Technology does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Spotify Technology has received a 68.86% net impact score from Upright. See details.
Environmental Sustainability
The Environmental Impact score for Spotify Technology is -0.66.

2.3

News and Social Media Coverage

News Sentiment
Spotify Technology has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 49 news articles for Spotify Technology this week, compared to 24 articles on an average week.
Search Interest
Only 16 people have searched for SPOT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
MarketBeat Follows
9 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Spotify Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.40% of the stock of Spotify Technology is held by insiders.
Percentage Held by Institutions
56.89% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Spotify Technology are expected to grow in the coming year, from ($3.12) to $0.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Spotify Technology is -28.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Spotify Technology is -28.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Spotify Technology has a P/B Ratio of 11.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SPOT Stock News Headlines

September 30, 2023 | msn.com

As NewJeans pass the 1 billion mark on Spotify, are they now the most streamed K-Pop band on the platform?

September 30, 2023 | americanbankingnews.com

Spotify Technology (NYSE:SPOT) Downgraded by Monness Crespi & Hardt

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 30, 2023 | msn.com

Monness, Crespi, Hardt Downgrades Spotify Technology (SPOT)

September 29, 2023 | seekingalpha.com

Ads, AI, And Spotify's Growth Prospects

September 29, 2023 | msn.com

Spotify introduces Auto-Generated Podcast Transcripts; Know all about this new feature

September 29, 2023 | 247wallst.com

Monness, Crespi, Hardt Downgrades Spotify Technology

September 29, 2023 | msn.com

Spotify's New Podcast Transcription Feature Is Here: Know Everything

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 29, 2023 | msn.com

Spotify downgraded, 'darkest days of this downturn are ahead': 4 big analyst cuts

September 29, 2023 | msn.com

Spotify will now automatically transcribe your favorite podcasts as you listen

September 28, 2023 | msn.com

Spotify is adding auto-generated transcripts to millions of podcasts

September 28, 2023 | yahoo.com

Reneé Rapp Talks Dream-Inspired Songs on Snow Angel Deluxe, Wanting to Be “Timeless,” and More at Spotify’s Jam House Party

September 28, 2023 | msn.com

Spotify will now translate podcasts into your native language with AI

September 28, 2023 | msn.com

Spotify Stock's 'Darkest Days' Are Ahead, Says Analyst

September 28, 2023 | finance.yahoo.com

Spotify CEO Daniel Ek says he thought the company was a ‘terrible idea’ and lost all his hair trying to make it a success

September 28, 2023 | finance.yahoo.com

Spotify Stock Nearly Doubled This Year. Why Its ‘Darkest Days’ Are Ahead.

September 28, 2023 | finance.yahoo.com

Spotify Stock’s ‘Darkest Days’ Are Ahead, Says Analyst

September 28, 2023 | americanbankingnews.com

Spotify Technology (NYSE:SPOT) Earns "Buy" Rating from Benchmark

September 28, 2023 | msn.com

Spotify will not ban all AI-powered music, says boss of streaming giant

September 27, 2023 | msn.com

Spotify is using AI to make podcasters speak other languages

September 27, 2023 | finance.yahoo.com

Spotify adds 'Jam' feature for shared playlist

September 27, 2023 | macrumors.com

Spotify Using AI to Translate Podcasters' Original Voices to Additional Languages

September 27, 2023 | msn.com

Spotify now using AI to clone podcaster’s voice into Spanish

September 27, 2023 | yahoo.com

Spotify won't remove all AI-generated music despite previously pulling some AI tracks from the platform

September 27, 2023 | msn.com

Spotify CEO Daniel Ek says the world has met 3 different versions of his friend Mark Zuckerberg over the years—including ‘Evil Mark’

September 27, 2023 | msn.com

Spotify Jam lets you stream music with far-away friends; Know how it works

See More Headlines

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SPOT Company Calendar

Last Earnings: 7/25/2023
Today: 10/02/2023
Next Earnings (Confirmed): 10/24/2023
Fiscal Year End: 12/31/2023

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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: +7.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 21 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: 2.44
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.09 per share
Price / Book: 11.81

Miscellaneous

Outstanding Shares: 194,680,000
Free Float: 193,897,000
Market Cap: $30.11 billion
Optionable: Optionable
Beta: 1.73

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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?: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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?: 21 Wall Street analysts have issued 1-year price targets for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $250.00. On average, they predict the company's stock price to reach $166.00 in the next year. This suggests a possible upside of 7.3% 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 95.9% and is now trading at $154.64.
View the best growth stocks for 2023 here.
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 can I listen to Spotify Technology's earnings call?: Spotify Technology will be holding an earnings conference call on Tuesday, October 24th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Spotify Technology's earnings last quarter?: Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Tuesday, July, 25th. The company reported ($1.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.80) by $0.89. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate 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 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.
What is Spotify Technology's stock symbol?: Spotify Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT."
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 $154.64.
How much money does Spotify Technology make?: Spotify Technology (NYSE:SPOT) has a market capitalization of $30.11 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 10/2/2023 by MarketBeat.com Staff

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Spotify Technology (SPOT) Stock Forecast, Price & News

Spotify Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Spotify Technology (NYSE:SPOT) Stock

SPOT Price History

SPOT Stock News Headlines

SPOT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

SPOT Stock - Frequently Asked Questions

Overall MarketRank^™