Spotify Technology (SPOT) Stock Forecast, Price & News

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPOT shares.
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20 brokers have issued 1 year price objectives for Spotify Technology's stock. 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 twelve months. This suggests a possible upside of 6.2% from the stock's current price.
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Spotify Technology's stock was trading at $78.95 at the start of the year. Since then, SPOT shares have increased by 98.0% and is now trading at $156.36.
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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 trading volume of 2,000,000 shares, the short-interest ratio is currently 1.7 days. Currently, 2.7% of the shares of the stock are short sold.
View Spotify Technology's Short Interest.

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

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

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).

Spotify Technology updated 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.

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 initial public offering (IPO) on Tuesday, April 3rd 2018. The company issued 0 shares at a price of $0.00 per share. None acted 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 shareholders 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%).

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 $156.36.

Spotify Technology (NYSE:SPOT) has a market capitalization of $30.44 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.

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.