S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
NYSE:SPOT

Spotify Technology (SPOT) Stock Forecast, Price & News

$154.64
+1.11 (+0.72%)
(As of 09/29/2023 ET)
Compare
Today's Range
$154.52
▼
$158.90
50-Day Range
$131.57
▼
$163.82
52-Week Range
$69.29
▼
$182.00
Volume
1.48 million shs
Average Volume
1.34 million shs
Market Capitalization
$30.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$166.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
7.3% Upside
$166.00 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.20mentions of Spotify Technology in the last 14 days
Based on 49 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.

1.94 out of 5 stars

Business Services Sector

200th out of 317 stocks

Radio Broadcasting Stations Industry

9th out of 10 stocks

See Top Rated MarketRank™ Stocks Here

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

September 30, 2023 | msn.com
As NewJeans pass the 1 billion mark on Spotify, are they now the most streamed K-Pop band on the platform?
September 30, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Downgraded by Monness Crespi & Hardt
October 1, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
September 30, 2023 | msn.com
Monness, Crespi, Hardt Downgrades Spotify Technology (SPOT)
September 29, 2023 | seekingalpha.com
Ads, AI, And Spotify's Growth Prospects
September 29, 2023 | msn.com
Spotify introduces Auto-Generated Podcast Transcripts; Know all about this new feature
September 29, 2023 | 247wallst.com
Monness, Crespi, Hardt Downgrades Spotify Technology
September 29, 2023 | msn.com
Spotify's New Podcast Transcription Feature Is Here: Know Everything
October 1, 2023 | Behind the Markets (Ad)
New Breakthrough "Living Software" Has Been…
New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>
September 29, 2023 | msn.com
Spotify downgraded, 'darkest days of this downturn are ahead': 4 big analyst cuts
September 29, 2023 | msn.com
Spotify will now automatically transcribe your favorite podcasts as you listen
September 28, 2023 | msn.com
Spotify is adding auto-generated transcripts to millions of podcasts
September 28, 2023 | yahoo.com
Reneé Rapp Talks Dream-Inspired Songs on Snow Angel Deluxe, Wanting to Be “Timeless,” and More at Spotify’s Jam House Party
September 28, 2023 | msn.com
Spotify will now translate podcasts into your native language with AI
September 28, 2023 | msn.com
Spotify Stock's 'Darkest Days' Are Ahead, Says Analyst
September 28, 2023 | finance.yahoo.com
Spotify CEO Daniel Ek says he thought the company was a ‘terrible idea’ and lost all his hair trying to make it a success
September 28, 2023 | finance.yahoo.com
Spotify Stock Nearly Doubled This Year. Why Its ‘Darkest Days’ Are Ahead.
September 28, 2023 | finance.yahoo.com
Spotify Stock’s ‘Darkest Days’ Are Ahead, Says Analyst
September 28, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Earns "Buy" Rating from Benchmark
September 28, 2023 | msn.com
Spotify will not ban all AI-powered music, says boss of streaming giant
September 27, 2023 | msn.com
Spotify is using AI to make podcasters speak other languages
September 27, 2023 | finance.yahoo.com
Spotify adds 'Jam' feature for shared playlist
September 27, 2023 | macrumors.com
Spotify Using AI to Translate Podcasters' Original Voices to Additional Languages
September 27, 2023 | msn.com
Spotify now using AI to clone podcaster’s voice into Spanish
September 27, 2023 | yahoo.com
Spotify won't remove all AI-generated music despite previously pulling some AI tracks from the platform
September 27, 2023 | msn.com
Spotify CEO Daniel Ek says the world has met 3 different versions of his friend Mark Zuckerberg over the years—including ‘Evil Mark’
September 27, 2023 | msn.com
Spotify Jam lets you stream music with far-away friends; Know how it works
See More Headlines
Receive SPOT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter.

SPOT Company Calendar

Last Earnings
7/25/2023
Today
10/01/2023
Next Earnings (Confirmed)
10/24/2023
Fiscal Year End
12/31/2023
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 Forecast
$166.00
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+7.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
21 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($5.35)
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
-7.79%
Pretax Margin
-7.32%
Return on Equity
-42.48%
Return on Assets
-12.74%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.22
Quick Ratio
1.22

Sales & Book Value

Annual Sales
$12.36 billion
Price / Sales
2.44
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.09 per share
Price / Book
11.81

Miscellaneous

Outstanding Shares
194,680,000
Free Float
193,897,000
Market Cap
$30.11 billion
Optionable
Optionable
Beta
1.73

Social Links

12 Stocks Corporate Insiders are Abandoning Cover
12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

21 Wall Street analysts have issued twelve-month 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 share price to reach $166.00 in the next twelve months. This suggests a possible upside of 7.3% 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 the year. Since then, SPOT stock has increased by 95.9% and is now trading at $154.64.
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, October 24th 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, October 24th 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) announced its quarterly earnings results on Tuesday, July, 25th. The company reported ($1.69) EPS for the quarter, missing analysts' consensus estimates of ($0.80) by $0.89. The business earned $3.46 billion during 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 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 third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share 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."

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 $154.64.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $30.11 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 10/1/2023 by MarketBeat.com Staff

My Account -