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NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$122.73
+2.64 (+2.20%)
(As of 08/11/2022 04:35 PM ET)
Add
Compare
Today's Range
$120.94
$126.27
50-Day Range
$93.83
$122.40
52-Week Range
$89.03
$305.60
Volume
1.99 million shs
Average Volume
2.34 million shs
Market Capitalization
$23.34 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$183.65

Spotify Technology MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
49.6% Upside
$183.65 Price Target
Short Interest
Healthy
3.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.01mentions of Spotify Technology in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.03) to ($0.84) Per Share

Overall MarketRank

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

2.45 out of 5 stars

Business Services Sector

99th out of 338 stocks

Radio Broadcasting Stations Industry

4th out of 10 stocks

SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Loop Capital cut their price objective on Spotify Technology from $280.00 to $110.00 in a report on Thursday, April 28th. KeyCorp reduced their target price on Spotify Technology from $210.00 to $146.00 and set an "overweight" rating for the company in a report on Tuesday, July 26th. Redburn Partners raised Spotify Technology from a "sell" rating to a "neutral" rating in a report on Monday, April 25th. Guggenheim downgraded Spotify Technology from a "buy" rating to a "neutral" rating in a report on Wednesday, April 27th. Finally, Pivotal Research downgraded Spotify Technology from a "buy" rating to a "hold" rating and reduced their target price for the company from $235.00 to $110.00 in a report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Spotify Technology has an average rating of "Hold" and an average price target of $183.65.

Spotify Technology Trading Up 2.2 %

NYSE:SPOT traded up $2.64 during mid-day trading on Thursday, hitting $122.73. 1,985,403 shares of the company's stock traded hands, compared to its average volume of 2,336,934. The firm has a 50 day moving average of $107.08 and a two-hundred day moving average of $126.85. Spotify Technology has a 12 month low of $89.03 and a 12 month high of $305.60. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of -88.29 and a beta of 1.83.

Spotify Technology (NYSE:SPOT - Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.17). Spotify Technology had a negative net margin of 0.24% and a negative return on equity of 1.15%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. Spotify Technology's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities research analysts expect that Spotify Technology will post -2.03 earnings per share for the current year.

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SPOT Stock News Headlines

Time to Buy Spotify After This Latest Stock Pop?
Why Spotify Stock Popped 20.5% In July
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SPOT Company Calendar

Last Earnings
7/27/2022
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
6,617
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$183.65
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+49.6%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
26 Analysts

Profitability

Net Income
$-40,220,000.00
Pretax Margin
2.14%

Debt

Sales & Book Value

Annual Sales
$11.44 billion
Cash Flow
$0.61 per share
Book Value
$12.87 per share

Miscellaneous

Free Float
N/A
Market Cap
$23.34 billion
Optionable
Optionable
Beta
1.83

Key Executives

  • Mr. Daniel G. Ek (Age 39)
    Founder, CEO & Chairman
    Comp: $104.89k
  • Mr. Sven Martin Lorentzon (Age 53)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 49)
    Chief Financial Officer
    Comp: $608.7k
  • Mr. Alex Norström (Age 45)
    Chief Freemium Bus. Officer
    Comp: $438.05k
  • Mr. Gustav Söderström (Age 44)
    Chief R&D Officer
    Comp: $427.03k
  • Ms. Dawn Ostroff (Age 62)
    Chief Content & Advter. Bus. Officer
    Comp: $1.39M
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 53)
    Gen. Counsel
  • Ms. Dustee Tucker Jenkins (Age 43)
    Global Head of Public Affairs













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 1 sell rating, 12 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities 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.

What is Spotify Technology's stock price forecast for 2022?

26 analysts have issued twelve-month price objectives for Spotify Technology's shares. Their SPOT share price forecasts range from $110.00 to $300.00. On average, they predict the company's stock price to reach $183.65 in the next twelve months. This suggests a possible upside of 50.0% 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 2022?

Spotify Technology's stock was trading at $234.03 at the beginning of the year. Since then, SPOT stock has decreased by 47.7% and is now trading at $122.43.
View the best growth stocks for 2022 here
.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SPOT earnings forecast
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings results on Wednesday, July, 27th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.68) by $0.17. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.82 billion. Spotify Technology had a negative trailing twelve-month return on equity of 1.15% and a negative net margin of 0.24%. Spotify Technology's revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share.

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

Spotify Technology updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.20 billion-$3.20 billion, compared to the consensus revenue estimate of $3.02 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 $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 number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (13.77%), Alecta Tjanstepension Omsesidigt (1.46%), ARK Investment Management LLC (1.07%), Jennison Associates LLC (1.00%), Liontrust Investment Partners LLP (0.81%) and Sumitomo Mitsui Trust Holdings Inc. (0.38%).

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 $122.43.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $23.29 billion and generates $11.44 billion in revenue each year. The company earns $-40,220,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis.

How many employees does Spotify Technology have?

The company employs 6,617 workers across the globe.

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 8/11/2022 by MarketBeat.com Staff

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