Spotify Technology Stock Forecast, Price & News

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 4 sell ratings, 11 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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.
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Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Spotify Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Spotify Technology.

Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings results on Wednesday, April, 28th. The company reported ($0.25) EPS for the quarter, topping the Zacks' consensus estimate of ($0.56) by $0.31. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.15 billion. Spotify Technology had a negative net margin of 6.60% and a negative trailing twelve-month return on equity of 20.47%. The company's revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) 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 76.5% and is now trading at $238.35.
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Spotify Technology issued an update on its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $10.99 billion-$11.47 billion, compared to the consensus revenue estimate of $11.32 billion.

28 brokers have issued 12-month price objectives for Spotify Technology's stock. Their forecasts range from $172.00 to $425.00. On average, they anticipate Spotify Technology's stock price to reach $308.64 in the next twelve months. This suggests a possible upside of 29.5% 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 Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Urban One (UONE), Audacy (AUD), Urban One (UONEK), Townsquare Media (TSQ), Cumulus Media (CMLS), Saga Communications (SGA), iHeartMedia (IHRTQ), 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 a price of $0.00 per share. None served 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 many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (11.73%), Morgan Stanley (10.42%), Price T Rowe Associates Inc. MD (7.25%), Jennison Associates LLC (3.27%), ARK Investment Management LLC (2.17%) and BlackRock Inc. (1.90%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Technology Crossover Management VII Ltd., JPMorgan Chase & Co., Jennison Associates LLC, Tremblant Capital Group, Clearbridge Investments LLC, Cookson Peirce & Co. Inc., and Alecta Pensionsforsakring Omsesidigt.

SPOT stock was acquired by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Morgan Stanley, Nikko Asset Management Americas Inc., Honeycomb Asset Management LP, Baillie Gifford & Co., Polar Capital Holdings Plc, Man Group plc, and Zimmer Partners LP.

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.
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One share of SPOT stock can currently be purchased for approximately $238.35.

Spotify Technology has a market capitalization of $42.72 billion and generates $9.00 billion in revenue each year. The company earns $-663,680,000.00 in net income (profit) each year or ($3.54) on an earnings per share basis.

Spotify Technology employs 3,651 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]