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Spotify Technology Stock Price, News & Analysis (NYSE:SPOT)

$195.13
+1.34 (+0.69%)
(As of 12:09 PM ET)
Compare
Today's Range
$193.02
▼
$196.30
50-Day Range
$148.95
▼
$199.35
52-Week Range
$71.72
▼
$202.88
Volume
486,199 shs
Average Volume
1.84 million shs
Market Capitalization
$37.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$173.32
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
10.8% Downside
$173.32 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.28mentions of Spotify Technology in the last 14 days
Based on 71 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.15) to $1.56 Per Share

Overall MarketRank™

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

2.15 out of 5 stars

Business Services Sector

125th out of 267 stocks

Radio Broadcasting Stations Industry

6th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

SPOT stock logo

About Spotify Technology Stock (NYSE:SPOT)

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 Stock Price History

SPOT Stock News Headlines

December 6, 2023 | marketbeat.com
Job cuts at Spotify, markets hurry to buy the stock (SPOT)
Spotify is issuing new layoffs, but this doesn't necessarily mean bad news for the stock. It is beginning to take on a new rally after analysts boost it
November 16, 2023 | marketbeat.com
New Disney investor propels stock to ranks of best S&P gainers (SPOT)
Disney stock gains on cost-cutting and Disney+ growth. ValueAct Capital's stake boosts expectations for business changes, adding momentum to Disney's rise.
December 7, 2023 | DTI Trader (Ad)
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November 8, 2023 | marketbeat.com
Fastly shifts into the fast lane toward profits (SPOT)
Edge cloud platform operator Fastly delivered its second consecutive positive quarter of earnings, and investors are rewarding FSLY stock
December 7, 2023 | msn.com
Spotify Stock Up 10% On Layoff News, Golden Cross Indicates Rally Could Extend Further
December 6, 2023 | msn.com
Analyzing Beyond Spotify's Restructure: Unveiling 3 Stocks With Comparable Financial Challenges
December 6, 2023 | msn.com
Why Is Spotify Saying Goodbye to Award-Winning Podcasts? Inside the Strategic Shift
December 6, 2023 | bloomberg.com
Spotify recorta 1.500 empleos en impulso por lograr eficiencia
December 7, 2023 | DTI Trader (Ad)
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December 6, 2023 | markets.businessinsider.com
Spotify’s Strategic Cost-Cutting and User Growth Prompt Buy Rating
December 6, 2023 | finance.yahoo.com
Why Spotify Will Have a Magnificent 2024
December 6, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Raised to $230.00 at Morgan Stanley
December 6, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Given New $255.00 Price Target at KeyCorp
December 5, 2023 | msn.com
Spotify to cut 1,500 jobs in third layoff round this year, shares jump
December 5, 2023 | nytimes.com
Spotify Cancels Two Acclaimed Podcasts: ‘Heavyweight’ and ‘Stolen’
December 5, 2023 | msn.com
Spotify’s not going for Pulitzers anymore
December 5, 2023 | finance.yahoo.com
Sony’s PlayStation Network suspensions demonstrate disc-free downsides
December 5, 2023 | finance.yahoo.com
Taylor Swift and Oppenheimer were highly searched topics on Wikipedia, but one search topped them all in 2023
December 5, 2023 | finance.yahoo.com
These are the things people searched most on Wikipedia this year
December 5, 2023 | msn.com
Spotify is slashing 17% of it's workforce affecting 1,500 workers in the second round of cuts this year after months of layoffs at Microsoft, Amazon and Alphabet
December 5, 2023 | businessinsider.com
Spotify is being hammered for wrapping 2023 with big layoffs just before Christmas
December 5, 2023 | finance.yahoo.com
The Fed Is Watching Jobs Data. Why It Should Be Listening to Spotify.
December 4, 2023 | msn.com
Spotify announces third and largest round of layoffs
December 4, 2023 | msn.com
Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
December 4, 2023 | finance.yahoo.com
PRESS DIGEST-British Business - Dec. 5
December 4, 2023 | msn.com
Spotify announces shock 1,500 jobs cut amid 'dramatic' economic slowdown
December 4, 2023 | msn.com
Why Spotify Stock Jumped as Much as 11.5% Today
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/30/2024
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 Target
$173.32
High Stock Price Target
$255.00
Low Stock Price Target
$95.00
Potential Upside/Downside
-10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($4.00)
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
-5.70%
Pretax Margin
-5.35%
Return on Equity
-32.26%
Return on Assets
-9.58%

Debt

Debt-to-Equity Ratio
0.57
Current Ratio
1.27
Quick Ratio
1.27

Sales & Book Value

Annual Sales
$12.36 billion
Price / Sales
3.05
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.09 per share
Price / Book
14.80

Miscellaneous

Outstanding Shares
194,680,000
Free Float
193,897,000
Market Cap
$37.72 billion
Optionable
Optionable
Beta
1.65

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Key Executives

  • Mr. Daniel G. Ek (Age 40)
    Founder, CEO & Chairman
    Comp: $181.09k
  • Mr. Alex Norström (Age 45)
    Chief Business Officer & Co-President
    Comp: $411.29k
  • Mr. Gustav Söderström (Age 45)
    Co-President, 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)
    General Counsel
  • Ms. Dustee Tucker Jenkins (Age 44)
    Chief Public Affairs Officer
  • Ms. Katarina Berg (Age 55)
    Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 Tuesday, November 28, 2023 at 11:36 AM.

Pros

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

  • Strong Market Presence: Spotify is a leading provider of audio streaming services worldwide, with a large user base and a well-established brand.
  • Revenue Growth: The company has shown consistent revenue growth in recent periods, indicating a strong demand for its services.
  • Global Expansion Opportunities: Spotify operates globally, providing investors with exposure to various markets and potential for further expansion.
  • Subscription Model: The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks, providing a stable and recurring revenue stream.
  • Competitive Advantage: Spotify's extensive music catalog and personalized recommendation algorithms give it a competitive edge in the audio streaming industry.

Cons

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

  • Intense Competition: The audio streaming industry is highly competitive, with major players like Apple Music and Amazon Music posing a threat to Spotify's market share.
  • Profitability Challenges: Spotify has reported a negative net margin, indicating profitability challenges that could impact investor returns.
  • Dependence on Music Licensing: Spotify's business model relies heavily on securing music licensing agreements, which can be costly and subject to negotiation challenges.
  • Regulatory Risks: The company operates in multiple jurisdictions, making it susceptible to regulatory changes and compliance requirements that could impact its operations.
  • Market Volatility: The stock price of Spotify Technology S.A. can be subject to market volatility, which may result in fluctuations in investor returns.














SPOT Stock Analysis - 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 8 hold ratings and 14 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?

22 equities research analysts have issued 12-month price targets for Spotify Technology's stock. Their SPOT share price targets range from $95.00 to $255.00. On average, they expect the company's stock price to reach $173.32 in the next year. This suggests that the stock has a possible downside of 10.8%.
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 start of the year. Since then, SPOT shares have increased by 146.2% and is now trading at $194.34.
View the best growth stocks for 2023 here.

Are investors shorting Spotify Technology?

Spotify Technology saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 2,120,000 shares, a decrease of 28.4% from the October 15th total of 2,960,000 shares. Based on an average trading volume of 1,700,000 shares, the short-interest ratio is currently 1.2 days. Approximately 1.6% 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, January 30th 2024.
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, October, 24th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.56. The business earned $3.65 billion during the quarter, compared to the consensus estimate of $3.62 billion. Spotify Technology had a negative trailing twelve-month return on equity of 32.26% and a negative net margin of 5.70%.

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 updated its fourth quarter 2023 earnings guidance on Tuesday, October, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.03 billion-$4.03 billion, compared to the consensus revenue estimate of $3.91 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 a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (12.75%), Morgan Stanley (4.72%), Massachusetts Financial Services Co. MA (1.90%), Wellington Management Group LLP (1.53%), Alecta Tjanstepension Omsesidigt (1.45%) and AMF Tjanstepension AB (1.04%).

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.

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 12/7/2023 by MarketBeat.com Staff

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