Spotify Technology - SPOT Stock Forecast, Price & News

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research 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.

23 equities research analysts have issued 12-month target prices for Spotify Technology's stock. Their SPOT share price forecasts range from $87.00 to $250.00. On average, they predict the company's share price to reach $137.79 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.

Spotify Technology's stock was trading at $78.95 at the beginning of the year. Since then, SPOT stock has increased by 29.5% and is now trading at $102.24.
View the best growth stocks for 2023 here.

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

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.

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

Spotify Technology updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.23 billion-$3.23 billion, compared to the consensus revenue estimate of $3.15 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 (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.

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 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%), State of Michigan Retirement System (0.06%) and Greenwood Capital Associates LLC (0.04%).

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.

One share of SPOT stock can currently be purchased for approximately $102.24.

Spotify Technology (NYSE:SPOT) has a market capitalization of $19.65 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.

The company employs 6,617 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.