Spotify Technology (SPOT) Stock Forecast, Price & News

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 7 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPOT shares.
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22 brokerages have issued 1-year price targets for Spotify Technology's stock. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they anticipate the company's stock price to reach $144.38 in the next year. This suggests that the stock has a possible downside of 4.1%.
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Spotify Technology's stock was trading at $78.95 on January 1st, 2023. Since then, SPOT shares have increased by 90.6% and is now trading at $150.51.
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Spotify Technology saw a increase in short interest in 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 daily volume of 1,650,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.3% 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 Wednesday, July 26th 2023.
View our SPOT earnings forecast.

Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings data 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 analyst estimates of $3.39 billion. Spotify Technology had a negative net margin of 6.49% and a negative trailing twelve-month return on equity of 33.54%.

ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include ProShares On-Demand ETF (OND), Global X Social Media Index ETF (SOCL), First Trust IPOX Europe Equity Opportunities ETF (FPXE), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust S-Network Streaming and Gaming ETF (BNGE), Gen Z ETF (ZGEN), First Trust International IPO ETF (FPXI) and Alger 35 ETF (ATFV).

Spotify Technology issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) 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.

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 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 a variety of retail and institutional investors. Top institutional shareholders 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%).

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 $150.51.

Spotify Technology (NYSE:SPOT) has a market capitalization of $28.63 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.

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.