Spotify Technology - SPOT Stock Forecast, Price & News

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.
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26 Wall Street research analysts have issued 1 year target prices for Spotify Technology's stock. Their SPOT share price forecasts range from $110.00 to $300.00. On average, they anticipate the company's share price to reach $183.65 in the next twelve months. This suggests a possible upside of 53.4% from the stock's current price.
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Spotify Technology's stock was trading at $234.03 at the beginning of the year. Since then, SPOT shares have decreased by 48.9% and is now trading at $119.70.
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Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings results on Wednesday, July, 27th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by $0.17. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.82 billion. Spotify Technology had a negative net margin of 0.24% and a negative trailing twelve-month return on equity of 1.15%. The company's revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS.

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.

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 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 institutional and retail investors. Top institutional investors 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%).

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 $119.70.

Spotify Technology (NYSE:SPOT) has a market capitalization of $22.77 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.

Spotify Technology 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.