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Laser breakthrough could send stock soaring 2,467% (Ad)
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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Stock ideas from the 2024 Microcap Conference
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
How major US stock indexes fared Friday, 2/23/2024
Laser breakthrough could send stock soaring 2,467% (Ad)
In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
Laser breakthrough could send stock soaring 2,467% (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies

Spotify Technology (SPOT) Stock Price, News & Analysis

$256.10
+7.98 (+3.22%)
(As of 02/23/2024 ET)
Today's Range
$247.95
$256.29
50-Day Range
$187.89
$256.10
52-Week Range
$114.64
$256.29
Volume
2.49 million shs
Average Volume
2.27 million shs
Market Capitalization
$50.49 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
12.8% 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
0.28mentions of Spotify Technology in the last 14 days
Based on 39 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
46.93%
From $3.58 to $5.26 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.

4.35 out of 5 stars

Business Services Sector

44th out of 316 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.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
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.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Apple hits out at Spotify over ongoing EU competition complaint
Spotify Wants to Connect Artists and Brands
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
2/24/2024
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
-12.8%
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
$14.34 billion
Book Value
$13.85 per share

Miscellaneous

Free Float
196,354,000
Market Cap
$50.49 billion
Optionable
Optionable
Beta
1.60

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

23 Wall Street analysts have issued twelve-month price targets for Spotify Technology's stock. Their SPOT share price targets range from $129.00 to $330.00. On average, they anticipate the company's share price to reach $223.36 in the next twelve months. This suggests that the stock has a possible downside of 12.8%.
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 36.3% and is now trading at $256.10.
View the best growth stocks for 2024 here
.

Are investors shorting Spotify Technology?

Spotify Technology saw a drop in short interest in the month of 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 currently 0.9 days. Currently, 1.2% of the shares of the 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 firm earned $3.67 billion during the quarter, compared to analysts' expectations of $3.72 billion. Spotify Technology had a negative trailing twelve-month return on equity of 23.43% and a negative net margin of 4.01%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm 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 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 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.

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a number of retail and institutional investors. Top institutional investors 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 2/24/2024 by MarketBeat.com Staff