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Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Has the Fed lost control of the banking system? (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
AI medical stock landing MASSIVE contracts (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
AI medical stock landing MASSIVE contracts (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Spotify Technology (SPOT) Stock Price, News & Analysis

$248.18
+3.09 (+1.26%)
(As of 02/22/2024 ET)
Today's Range
$243.99
$249.08
50-Day Range
$187.89
$248.18
52-Week Range
$114.64
$249.22
Volume
1.73 million shs
Average Volume
2.24 million shs
Market Capitalization
$48.93 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$223.36

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
10.0% Downside
$223.36 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.27mentions of Spotify Technology in the last 14 days
Based on 37 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
47.76%
From $3.35 to $4.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Business Services Sector

46th out of 307 stocks

Radio Broadcasting Stations Industry

3rd out of 8 stocks


SPOT stock logo

About Spotify Technology Stock (NYSE:SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription 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. This segment sells directly to the end users. 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 users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.

SPOT Stock Price History

SPOT Stock News Headlines

Spotify sounding better to analysts as company tunes into profits
Spotify Technology S.A. NYSE: SPOT is trading at its best levels since December 2021 on the strength of hardy revenue growth and a return to profitability.
Spotify sounding better to analysts as company tunes into profits
Spotify's stock is at its best levels since late 2021 due to strong revenue growth and the prospect of profitability. Analysts are boosting their price targets.
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Arm stock just doubled, here are the next candidates (SPOT)
The world of A.I. has been in the spotlight all of 2023, a trend continuing into 2024 as well. Here are the best candidates to double after ARM's stellar rally
Spotify stock: Reversal gains momentum with higher highs in sight
Spotify continues to build on its successes, driving MAU growth and margin improvement expected to be sustained in 2024.
MarketBeat Week in Review – 1/29 - 2/2 (SPOT)
Markets remained resilient even after disappointing news from Apple sales in China and a higher-than-expected jobs report delivered a bearish one-two punch
Spotify stock’s 200% rally just had fresh fuel added
With equities in general enjoying the return of risk-on sentiment, stocks like Spotify are seeing some of the best and biggest rallies ever.
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Apple hits out at Spotify over ongoing EU competition complaint
Spotify Wants to Connect Artists and Brands
See More Headlines
Receive SPOT Stock News and Ratings via Email

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Company Calendar

Last Earnings
2/06/2024
Today
2/23/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
9,123
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$223.36
High Stock Price Target
$330.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
23 Analysts

Profitability

Net Income
$-575,780,000.00
Pretax Margin
-3.81%

Debt

Sales & Book Value

Annual Sales
$13.25 billion
Book Value
$13.85 per share

Miscellaneous

Free Float
196,354,000
Market Cap
$48.93 billion
Optionable
Optionable
Beta
1.60

Social Links

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Key Executives

  • Mr. Daniel G. Ek (Age 41)
    Founder, CEO & Chairman
    Comp: $1.43M
  • Mr. Alex Norström (Age 46)
    Chief Business Officer & Co-President
    Comp: $407.75k
  • Mr. Gustav Söderström (Age 46)
    Co-President, Chief Product & Technology Officer
    Comp: $378.04k
  • Mr. Sven Martin Lorentzon (Age 55)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 51)
    Chief Financial Officer
    Comp: $616.33k
  • Ms. Dustee Tucker Jenkins (Age 45)
    Chief Public Affairs Officer
    Comp: $2.61M
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 55)
    General Counsel
  • Ms. Katarina Berg (Age 56)
    Chief Human Resources Officer

Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Spotify Technology was last updated on Monday, February 19, 2024 at 8:08 PM.

Pros

Here are some ways that investors could benefit from investing in Spotify Technology S.A.:

  • Spotify provides audio streaming services worldwide, which has a large market potential.
  • Recent developments in research and development show a commitment to innovation and growth.
  • Strong customer support services enhance user experience and loyalty.
  • Spotify's incorporation in 2006 demonstrates a solid foundation and experience in the industry.
  • The current stock price of Spotify Technology S.A. is favorable for potential investors.

Cons

Investors should be bearish about investing in Spotify Technology S.A. for these reasons:

  • Competition in the audio streaming industry is intense, which may impact market share.
  • Regulatory challenges in different regions could affect operations and profitability.
  • Fluctuations in music licensing costs may impact the company's financial performance.
  • Dependence on technology and internet infrastructure for service delivery poses risks.
  • Market volatility and economic uncertainties could affect investor confidence in the company.














SPOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

23 brokerages have issued 1-year price objectives for Spotify Technology's shares. Their SPOT share price targets range from $129.00 to $330.00. On average, they anticipate the company's stock price to reach $223.36 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for SPOT
or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2024?

Spotify Technology's stock was trading at $187.91 at the beginning of the year. Since then, SPOT stock has increased by 32.1% and is now trading at $248.18.
View the best growth stocks for 2024 here
.

Are investors shorting Spotify Technology?

Spotify Technology saw a drop in short interest in January. As of January 31st, there was short interest totaling 1,580,000 shares, a drop of 16.4% from the January 15th total of 1,890,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.2% of the company's stock are sold short.
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, April 23rd 2024.
View our SPOT earnings forecast
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) announced its earnings results on Tuesday, February, 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.01. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.72 billion. Spotify Technology had a negative net margin of 4.01% and a negative trailing twelve-month return on equity of 23.43%. Spotify Technology's revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.43) EPS.

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

Spotify Technology updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.9 billion-$3.9 billion, compared to the consensus revenue estimate of $3.9 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 $0.00 per share. None served as the underwriter for the IPO.

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (12.12%), Price T Rowe Associates Inc. MD (3.22%), Massachusetts Financial Services Co. MA (1.89%), Technology Crossover Management VIII Ltd. (1.34%), Alecta Tjanstepension Omsesidigt (1.09%) and Artisan Partners Limited Partnership (0.72%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SPOT) was last updated on 2/23/2024 by MarketBeat.com Staff