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NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$112.46
+12.46 (+12.46%)
(As of 01/31/2023 03:24 PM ET)
Add
Compare
Today's Range
$106.31
$113.30
50-Day Range
$72.36
$102.24
52-Week Range
$69.29
$208.49
Volume
8.11 million shs
Average Volume
2.30 million shs
Market Capitalization
$21.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$137.79

Spotify Technology MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
24.3% Upside
$138.75 Price Target
Short Interest
Healthy
3.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
-0.02mentions of Spotify Technology in the last 14 days
Based on 64 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.65) to ($2.01) Per Share

Overall MarketRank

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

2.29 out of 5 stars

Business Services Sector

54th out of 327 stocks

Radio Broadcasting Stations Industry

4th out of 11 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 Premium and Ad-Supported segments. 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, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

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SPOT Stock News Headlines

MarketBeat: Week in Review 12/05 – 12/09 (SPOT)
The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Spotify Technology Shares Up 12% On 4Q User Growth
Spotify, AMD stocks rise as earnings roll in
Spotify Faces Some of the Music
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
Spotify CEO Daniel Ek eyes elusive profits
Spotify Racks Up Hefty Losses But Strong User Growth
Spotify losses surge after podcast spending binge
See More Headlines
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SPOT Company Calendar

Last Earnings
10/27/2021
Today
1/31/2023
Next Earnings (Confirmed)
1/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
6,617
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$138.75
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+22.5%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
24 Analysts

Profitability

Net Income
$-40,220,000.00
Pretax Margin
-0.64%

Debt

Sales & Book Value

Annual Sales
$11.25 billion
Cash Flow
$0.63 per share
Book Value
$13.05 per share

Miscellaneous

Free Float
191,383,000
Market Cap
$21.61 billion
Optionable
Optionable
Beta
1.66

Key Executives

  • Mr. Daniel G. Ek (Age 40)
    Founder, CEO & Chairman
    Comp: $104.89k
  • Mr. Sven Martin Lorentzon (Age 54)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 50)
    Chief Financial Officer
    Comp: $608.7k
  • Mr. Alex Norström (Age 46)
    Chief Freemium Bus. Officer
    Comp: $438.05k
  • Mr. Gustav Söderström (Age 46)
    Chief R&D Officer
    Comp: $427.03k
  • Ms. Dawn Ostroff (Age 63)
    Chief Content & Advter. Bus. Officer
    Comp: $1.39M
  • 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)
    Global Head of Public Affairs













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 13 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SPOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPOT, but not buy additional shares or sell existing shares.
View SPOT analyst ratings
or view top-rated stocks.

What is Spotify Technology's stock price forecast for 2023?

24 brokerages have issued 12-month price objectives for Spotify Technology's shares. Their SPOT share price forecasts range from $87.00 to $250.00. On average, they expect the company's stock price to reach $138.00 in the next twelve months. This suggests a possible upside of 38.0% 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 shares have increased by 26.7% and is now trading at $100.00.
View the best growth stocks for 2023 here
.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023.
View our SPOT earnings forecast
.

How can I listen to Spotify Technology's earnings call?

Spotify Technology will be holding an earnings conference call on Tuesday, January 31st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) issued its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.16. The firm earned $2.50 billion during the quarter, compared to the consensus estimate of $2.44 billion. Spotify Technology had a negative trailing twelve-month return on equity of 8.21% and a negative net margin of 1.62%. The business's revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.68) earnings per share.

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 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.

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 a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (14.54%), Allspring Global Investments Holdings LLC (0.28%), Assenagon Asset Management S.A. (0.21%), Kovitz Investment Group Partners LLC (0.10%), Sumitomo Mitsui Trust Holdings Inc. (0.09%) and New York State Common Retirement Fund (0.08%).

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 $100.00.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $19.22 billion and generates $11.44 billion in revenue each year. The company earns $-40,220,000.00 in net income (profit) each year or ($1.90) on an earnings per share basis.

How many employees does Spotify Technology have?

The company employs 6,617 workers across the globe.

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 1/31/2023 by MarketBeat.com Staff