Spotify Technology Stock Forecast, Price & News

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 4 sell ratings, 14 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Spotify Technology stock. 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 analyst ratings for Spotify Technology or view top-rated stocks.

Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Spotify Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Spotify Technology.

Spotify Technology will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Wednesday, February, 3rd. The company reported ($0.66) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.76) by $0.10. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. Spotify Technology had a negative net margin of 8.73% and a negative trailing twelve-month return on equity of 30.46%. Spotify Technology's revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.14) EPS.
View Spotify Technology's earnings history.

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SPOT stock has increased by 96.3% and is now trading at $265.16.
View which stocks have been most impacted by COVID-19.

Spotify Technology updated its FY 2021 Pre-Market earnings guidance on Wednesday, February, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.743-11.22 billion, compared to the consensus revenue estimate of $11.62 billion.

32 equities research analysts have issued 1 year price objectives for Spotify Technology's shares. Their forecasts range from $130.00 to $425.00. On average, they expect Spotify Technology's share price to reach $293.19 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts' price targets for Spotify Technology or view top-rated stocks among Wall Street analysts.

343 employees have rated Spotify Technology CEO Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among Spotify Technology's employees. This puts Daniel Ek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Spotify Technology include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Corus Entertainment (CJREF), Entercom Communications (ETM), Urban One (UONE), Cumulus Media (CMLS), Townsquare Media (TSQ), Saga Communications (SGA), iHeartMedia (IHRTQ), Urban One (UONEK), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), Spanish Broadcasting System (SBSAA), CÜR Media (CURM) and Interep National Radio Sales (IREP).
View all of SPOT's competitors.

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), Square (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), salesforce.com (CRM), Shopify (SHOP) and The Walt Disney (DIS).

(SPOT) raised $0 in an initial public offering (IPO) on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None acted 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 institutional and retail investors. Top institutional investors include Alecta Pensionsforsakring Omsesidigt (1.22%), Ardevora Asset Management LLP (0.08%), Royal London Asset Management Ltd. (0.03%), Regis Management CO LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Scout Investments Inc. (0.01%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Scout Investments Inc., Ardevora Asset Management LLP, State of Alaska Department of Revenue, Golden Green Inc., BOKF NA, IBM Retirement Fund, and Congress Park Capital LLC.

SPOT stock was bought by a variety of institutional investors in the last quarter, including Regis Management CO LLC, Exchange Traded Concepts LLC, First National Bank of Mount Dora Trust Investment Services, Fortis Capital Management LLC, Huntington National Bank, Royal London Asset Management Ltd., Phoenix Wealth Advisors, and Canal Capital Management LLC.

Shares of SPOT 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 $265.16.

Spotify Technology has a market capitalization of $47.53 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 Technology employs 5,584 workers across the globe.

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

Spotify Technology is headquartered at 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610.

Spotify Technology'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]