Spotify Technology Stock Forecast, Price & News

Spotify Technology'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 shares have increased by 105.6% and is now trading at $277.62.
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29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 5 sell ratings, 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Spotify Technology.

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Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Spotify Technology.

Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings data on Thursday, October, 29th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.67) by $0.09. The business earned $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Spotify Technology had a negative net margin of 4.28% and a negative return on equity of 15.49%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS.
View Spotify Technology's earnings history.

Spotify Technology issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.337-2.571 billion, compared to the consensus revenue estimate of $2.57 billion.

29 analysts have issued twelve-month target prices for Spotify Technology's shares. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify Technology's stock price to reach $241.19 in the next year. This suggests that the stock has a possible downside of 13.1%.
View analysts' price targets for Spotify Technology.

Some companies that are related to Spotify Technology include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Entercom Communications (ETM), Urban One (UONE), Cumulus Media (CMLS), Saga Communications (SGA), Townsquare Media (TSQ), 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).
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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 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.

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 Morgan Stanley (10.01%), Jennison Associates LLC (2.32%), BlackRock Inc. (1.91%), Alecta Pensionsforsakring Omsesidigt (1.28%), State Street Corp (0.75%) and ARK Investment Management LLC (0.63%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Acadian Asset Management LLC, Sei Investments Co., Nuveen Asset Management LLC, Wells Fargo & Company MN, New York State Common Retirement Fund, Scout Investments Inc., and UBS Asset Management Americas Inc..

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, ARK Investment Management LLC, Morgan Stanley, Nikko Asset Management Americas Inc., Arrowstreet Capital Limited Partnership, Alecta Pensionsforsakring Omsesidigt, Douglass Winthrop Advisors LLC, and Voloridge Investment 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPOT stock can currently be purchased for approximately $277.62.

Spotify Technology has a market capitalization of $49.76 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 4,405 workers across the globe.

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

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]