Spotify Stock Forecast, Price & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SPOT stock has increased by 73.2% and is now trading at $233.89.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 6 sell ratings, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Spotify.

Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) issued its quarterly earnings results on Wednesday, July, 29th. The company reported ($1.91) EPS for the quarter, missing the Zacks' consensus estimate of ($0.49) by $1.42. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.93 billion. Spotify had a negative return on equity of 15.49% and a negative net margin of 4.28%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.42) EPS.
View Spotify's earnings history.

Spotify issued an update on its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.04-2.258 billion, compared to the consensus revenue estimate of $2.37 billion.

28 brokers have issued 1-year target prices for Spotify's stock. Their forecasts range from $110.00 to $357.00. On average, they expect Spotify's share price to reach $230.12 in the next year. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Spotify.

Spotify saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,020,000 shares, a decrease of 15.4% from the June 15th total of 4,750,000 shares. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is currently 1.5 days. Currently, 3.3% of the company's shares are sold short.
View Spotify's Short Interest.

Some companies that are related to Spotify include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Corus Entertainment (CJREF), Entercom Communications (ETM), Urban One (UONE), Cumulus Media (CMLS), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), Beasley Broadcast Group (BBGI), MODERN MEDIA AC/SH SH (MMDM), Salem Media Group (SALM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL), salesforce.com (CRM), Square (SQ), Shopify (SHOP) and Boeing (BA).

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

Spotify's stock is owned by a variety of retail and institutional investors. Top institutional investors include Jennison Associates LLC (1.66%), FMR LLC (0.76%), Nuveen Asset Management LLC (0.38%), Gilder Gagnon Howe & Co. LLC (0.33%), Mitsubishi UFJ Trust & Banking Corp (0.25%) and Neuberger Berman Group LLC (0.23%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Eminence Capital LP, Cadian Capital Management LP, Epoch Investment Partners Inc., Neuberger Berman Group LLC, Ninety One UK Ltd, Ardevora Asset Management LLP, FIL Ltd, and Russell Investments Group Ltd..

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Softbank Group Corp, FMR LLC, Marsico Capital Management LLC, Driehaus Capital Management LLC, black and white Capital LP, Peregrine Capital Management LLC, and Scout Investments Inc..

Shares of SPOT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPOT stock can currently be purchased for approximately $233.89.

Spotify has a market capitalization of $41.92 billion and generates $7.58 billion in revenue each year. The company earns $-208,320,000.00 in net income (profit) each year or ($1.15) on an earnings per share basis. Spotify employs 4,405 workers across the globe.

The official website for Spotify is www.spotify.com.

Spotify's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The company can be reached via phone at 46-7-022-046-07 or via email at [email protected]