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Spotify Technology - SPOT Stock Forecast, Price & News

$127.37
-2.11 (-1.63%)
(As of 03/28/2023 10:34 AM ET)
Add
Compare
Today's Range
$127.33
$128.95
50-Day Range
$91.75
$131.05
52-Week Range
$69.29
$160.06
Volume
159,901 shs
Average Volume
2.05 million shs
Market Capitalization
$24.62 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$132.78

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.6% Upside
$132.78 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.07mentions of Spotify Technology in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.15) to ($0.40) Per Share

Overall MarketRank

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

1.97 out of 5 stars

Business Services Sector

223rd out of 328 stocks

Radio Broadcasting Stations Industry

9th out of 10 stocks


SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices. Users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both a premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April 2006 and is headquartered in Luxembourg.

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SPOT Stock News Headlines

Lithium Could Be 2023's Next Big Surprise
Lithium is the hottest commodity for our green future
See SPOT Run ... Down
Spotify Technology (NYSE:SPOT) Shares Gap Up to $128.81
Lithium Could Be 2023's Next Big Surprise
Lithium is the hottest commodity for our green future
Spotify Is Quietly Dealing With a Major Fund Problem
Spotify Technology (NYSE:SPOT) Upgraded to "Buy" by Guggenheim
3 Factors Behind Spotify's Massive Listener Growth
Spotify Is Finding Its Way
See More Headlines
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SPOT Company Calendar

Last Earnings
1/31/2023
Today
3/28/2023
Next Earnings (Estimated)
4/26/2023
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
$132.78
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

Net Income
$-453,050,000.00
Pretax Margin
-3.16%

Debt

Sales & Book Value

Annual Sales
$12.36 billion
Book Value
$13.09 per share

Miscellaneous

Free Float
192,520,000
Market Cap
$25.03 billion
Optionable
Optionable
Beta
1.75

Social Links


Key Executives

  • Daniel Ek
    Chairman & Chief Executive Officer
  • Stig Gustav Victor Söderström
    Co-President, Chief Research & Development Officer
  • Alex Norstrom
    Co-President & Chief Premium Business Officer
  • Paul Aaron Vogel
    Chief Financial Officer
  • Paul Sawyer
    Chief Accounting Officer & Controller













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPOT shares.
View SPOT analyst ratings
or view top-rated stocks.

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

21 equities research analysts have issued 12 month price targets for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they expect the company's share price to reach $132.78 in the next twelve months. This suggests a possible upside of 3.7% 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 62.2% and is now trading at $128.03.
View the best growth stocks for 2023 here
.

Are investors shorting Spotify Technology?

Spotify Technology saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 2,810,000 shares, a decline of 23.2% from the February 28th total of 3,660,000 shares. Based on an average trading volume of 2,000,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.2% of the shares of the stock are short sold.
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, April 25th 2023.
View our SPOT earnings forecast
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) issued its earnings results on Tuesday, January, 31st. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of ($1.28) by $0.15. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.26 billion. Spotify Technology had a negative net margin of 3.48% and a negative trailing twelve-month return on equity of 17.78%.

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

Spotify Technology issued an update on its first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.16 billion-$3.16 billion, compared to the consensus revenue estimate of $3.33 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 initial public offering (IPO) 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 variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (14.45%), Price T Rowe Associates Inc. MD (5.02%), Morgan Stanley (4.71%), Alecta Tjanstepension Omsesidigt (2.03%), T. Rowe Price Investment Management Inc. (1.41%) and Jennison Associates LLC (0.97%).

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 $128.03.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $24.75 billion and generates $12.36 billion in revenue each year. The company earns $-453,050,000.00 in net income (profit) each year or ($3.09) 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 3/28/2023 by MarketBeat.com Staff