Spotify Technology - SPOT Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 12 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SPOT shares.
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24 Wall Street research analysts have issued 12-month target prices for Spotify Technology's shares. Their SPOT share price forecasts range from $87.00 to $275.00. On average, they anticipate the company's stock price to reach $151.72 in the next twelve months. This suggests a possible upside of 101.9% from the stock's current price.
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Spotify Technology's stock was trading at $234.03 at the beginning of 2022. Since then, SPOT shares have decreased by 67.9% and is now trading at $75.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SPOT earnings forecast.

Spotify Technology S.A. (NYSE:SPOT) announced its earnings results on Tuesday, October, 25th. The company reported ($0.99) earnings per share for the quarter, missing analysts' consensus estimates of ($0.88) by $0.11. The business earned $3.05 billion during the quarter, compared to analyst estimates of $3.03 billion. Spotify Technology had a negative trailing twelve-month return on equity of 8.21% and a negative net margin of 1.62%.

Spotify Technology updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.23 billion-$3.23 billion, compared to the consensus revenue estimate of $3.15 billion.

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.

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).

(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 number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (14.55%), Price T Rowe Associates Inc. MD (6.21%), BlackRock Inc. (2.19%), Alecta Tjanstepension Omsesidigt (1.58%), Jennison Associates LLC (1.04%) and State Street Corp (0.79%).

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.
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One share of SPOT stock can currently be purchased for approximately $75.16.

Spotify Technology (NYSE:SPOT) has a market capitalization of $14.44 billion and generates $11.44 billion in revenue each year. The company earns $-40,220,000.00 in net income (profit) each year or ($1.90) on an earnings per share basis.

The company employs 6,617 workers across the globe.

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.