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NYSE:SPOT

Spotify Technology (SPOT) Stock Forecast, Price & News

$152.34
-3.18 (-2.04%)
(As of 09/26/2023 ET)
Compare
Today's Range
$151.29
$157.00
50-Day Range
$131.57
$179.88
52-Week Range
$69.29
$182.00
Volume
1.33 million shs
Average Volume
1.86 million shs
Market Capitalization
$29.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$166.00

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.0% Upside
$166.00 Price Target
Short Interest
Healthy
2.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.24mentions of Spotify Technology in the last 14 days
Based on 31 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.12) to $0.62 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Business Services Sector

169th out of 312 stocks

Radio Broadcasting Stations Industry

7th out of 10 stocks


SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

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 Price History

SPOT Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Spotify tests voice translation feature for podcasts
See More Headlines
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SPOT Company Calendar

Last Earnings
7/25/2023
Today
9/26/2023
Next Earnings (Confirmed)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
8,359
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$166.00
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$-453,050,000.00
Pretax Margin
-7.32%

Debt

Sales & Book Value

Annual Sales
$12.36 billion
Book Value
$13.09 per share

Miscellaneous

Free Float
193,897,000
Market Cap
$30.20 billion
Optionable
Optionable
Beta
1.73

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Key Executives

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













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

20 Wall Street 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 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 forecast for 2023?

20 Wall Street analysts have issued 1-year target prices for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $250.00. On average, they anticipate the company's stock price to reach $166.00 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
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 beginning of 2023. Since then, SPOT stock has increased by 96.5% and is now trading at $155.13.
View the best growth stocks for 2023 here
.

Are investors shorting Spotify Technology?

Spotify Technology saw a increase in short interest in 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 daily volume of 2,000,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.7% 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, October 24th 2023.
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, July, 25th. The company reported ($1.69) earnings per share for the quarter, missing the consensus estimate of ($0.80) by $0.89. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.54 billion. Spotify Technology had a negative net margin of 7.79% and a negative trailing twelve-month return on equity of 42.48%.

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

Spotify Technology updated its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided 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.

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 a price of $0.00 per share. None served as the underwriter for the IPO.

What is Spotify Technology's stock symbol?

Spotify Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT."

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by many different retail and institutional investors. Top institutional investors 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%).

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.

What is Spotify Technology's stock price today?

One share of SPOT stock can currently be purchased for approximately $155.13.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $30.20 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.

How many employees does Spotify Technology have?

The company employs 8,359 workers across the globe.

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
How can I contact Spotify Technology?

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.

This page (NYSE:SPOT) was last updated on 9/26/2023 by MarketBeat.com Staff

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