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Spotify Technology (SPOT) Stock Forecast, Price & News

$154.16
+5.26 (+3.53%)
(As of 02:39 PM ET)
Compare
Today's Range
$149.07
$154.55
50-Day Range
$128.12
$151.48
52-Week Range
$69.29
$154.55
Volume
644,467 shs
Average Volume
1.81 million shs
Market Capitalization
$29.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$143.75

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
5.0% Downside
$143.75 Price Target
Short Interest
Healthy
2.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.50mentions of Spotify Technology in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.02) to ($0.77) Per Share

Overall MarketRank

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

1.80 out of 5 stars

Business Services Sector

531st out of 684 stocks

Radio Broadcasting Stations Industry

19th out of 20 stocks


SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices. Users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both a premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April 2006 and is headquartered in Luxembourg.

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SPOT Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
How to Copy a Playlist on Spotify
Meet the voice of Spotify’s AI DJ
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
5 Reasons To Cancel Your Music Subscription Service
See More Headlines

SPOT Price History

SPOT Company Calendar

Last Earnings
4/25/2023
Today
6/01/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
8,359
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$143.75
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
22 Analysts

Profitability

Net Income
$-453,050,000.00
Pretax Margin
-6.23%

Debt

Sales & Book Value

Annual Sales
$12.36 billion
Book Value
$13.22 per share

Miscellaneous

Free Float
189,439,000
Market Cap
$28.32 billion
Optionable
Optionable
Beta
1.76

Social Links


Key Executives

  • Daniel Ek
    Chairman & Chief Executive Officer
  • Stig Gustav Victor Söderström
    Co-President, Chief Research & Development Officer
  • Alex Norstrom
    Co-President & Chief Premium Business Officer
  • Paul Aaron Vogel
    Chief Financial Officer
  • Paul Sawyer
    Chief Accounting Officer & Controller













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

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.
View SPOT analyst ratings
or view top-rated stocks.

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

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.

How have SPOT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Spotify Technology?

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
.

When is Spotify Technology's next earnings date?

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

How were Spotify Technology's earnings last quarter?

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%.

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

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.

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."

Who are Spotify Technology's major shareholders?

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%).

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 $150.25.

How much money does Spotify Technology make?

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.

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 6/1/2023 by MarketBeat.com Staff

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