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S&P 500   4,109.31
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MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
Stocks are for suckers – try this instead (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
Stocks are for suckers – try this instead (Ad)
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
Stocks are for suckers – try this instead (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
Stocks are for suckers – try this instead (Ad)
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
Stocks are for suckers – try this instead (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
Stocks are for suckers – try this instead (Ad)
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
Most-Upgraded Stocks  
NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$133.62
+2.79 (+2.13%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$130.52
▼
$134.36
50-Day Range
$99.29
▼
$133.62
52-Week Range
$69.29
▼
$160.06
Volume
1.57 million shs
Average Volume
1.55 million shs
Market Capitalization
$25.83 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$132.78

Spotify Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
0.6% Downside
$132.78 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.24mentions of Spotify Technology in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.52) to ($0.53) Per Share

Overall MarketRank™

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

2.04 out of 5 stars

Business Services Sector

199th out of 326 stocks

Radio Broadcasting Stations Industry

8th out of 10 stocks

See Top Rated MarketRank™ Stocks Here

SPOT stock logo

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. It operates through the Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices. Users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both a premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April 2006 and is headquartered in Luxembourg.

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SPOT Stock News Headlines

April 1, 2023 | msn.com
Apple Music Classical and 5 other reasons to switch from Spotify to Apple Music
March 31, 2023 | msn.com
Remember How Spotify Promised To Make Up for Joe Rogan With a $100 Million Diversity Fund? Whatever Happened To That?
April 1, 2023 | Vantage Point (Ad)
The Market Crash Shield is A.I.
Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. pixel
March 31, 2023 | msn.com
OPINION - Streaming wars: How Spotify is changing the way it delivers listeners’ music
March 31, 2023 | msn.com
Spotify is testing a major overhaul of your profile page
March 30, 2023 | msn.com
This Is What Whales Are Betting On Spotify Technology
March 30, 2023 | technews.tmcnet.com
Cinedigm Selects Valossa Labs OY as its Video Artificial Intelligence (AI) Technology Partner for Cineverse, its Flagship Streaming Service
March 30, 2023 | msn.com
Roblox Spotify Island Codes (April 2023)
April 1, 2023 | Vantage Point (Ad)
The Market Crash Shield is A.I.
Are you using the best technology to dominate April markets? This A.I. has traders doubting their methods. Attend This Live (FREE) A.I. Market Training. pixel
March 30, 2023 | msn.com
Spotify Niche Mixes got me addicted to pagode, goblincore, and funeral doom
March 29, 2023 | msn.com
Spotify Niche Mixes are hyper-personalized mixes for any occasion
March 29, 2023 | finance.yahoo.com
15 Top Performing European Stocks So Far in 2023
March 29, 2023 | msn.com
What Are Spotify's Niche Mixes and How Do You Find Them?
March 28, 2023 | msn.com
Spotify's Niche Mixes let you generate personalized playlists for almost anything
March 28, 2023 | msn.com
Spotify’s new Niche Mixes are tailor-made for me
March 28, 2023 | msn.com
Spotify’s Niche Mixes spare you from building your own weirdly specific playlists
March 28, 2023 | msn.com
Spotify debuts “Niche Mixes” you can build based on description alone
March 27, 2023 | forbes.com
Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains - Forbes AI Newsletter March 25th
March 27, 2023 | finance.yahoo.com
Spotify Technology S.A. to Announce Financial Results for First Quarter 2023
March 26, 2023 | msn.com
How to Block (and Unblock) Someone on Spotify
March 24, 2023 | finance.yahoo.com
See SPOT Run ... Down
March 24, 2023 | finance.yahoo.com
Spotify's Latest Move Might Estrange International Listeners
March 24, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Shares Gap Up to $128.81
March 23, 2023 | finance.yahoo.com
Spotify Removes Massive Catalog of Music that Will Devastate Fans
March 23, 2023 | finance.yahoo.com
Spotify Is Quietly Dealing With a Major Fund Problem
March 23, 2023 | benzinga.com
Looking At Spotify Technology's Recent Unusual Options Activity
March 23, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Upgraded to "Buy" by Guggenheim
See More Headlines
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SPOT Company Calendar

Last Earnings
1/31/2023
Today
4/01/2023
Next Earnings (Confirmed)
4/25/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Radio broadcasting stations
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NYSE:SPOT
CUSIP
N/A
CIK
1639920
Web
www.spotify.com
Phone
46-7-022-046-07
Fax
N/A
Employees
8,359
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$132.78
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($3.09)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-453,050,000.00
Net Margins
-3.48%
Pretax Margin
-3.16%
Return on Equity
-17.78%
Return on Assets
-5.44%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.24
Quick Ratio
1.24

Sales & Book Value

Annual Sales
$12.36 billion
Price / Sales
2.09
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.09 per share
Price / Book
10.21

Miscellaneous

Outstanding Shares
193,290,000
Free Float
192,520,000
Market Cap
$25.83 billion
Optionable
Optionable
Beta
1.75

Social Links


Key Executives

  • Daniel Ek
    Chairman & Chief Executive Officer
  • Stig Gustav Victor Söderström
    Co-President, Chief Research & Development Officer
  • Alex Norstrom
    Co-President & Chief Premium Business Officer
  • Paul Aaron Vogel
    Chief Financial Officer
  • Paul Sawyer
    Chief Accounting Officer & Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPOT shares.
View SPOT analyst ratings or view top-rated stocks.

What is Spotify Technology's stock price forecast for 2023?

21 brokers have issued 1 year target prices for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they expect the company's share price to reach $132.78 in the next year. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2023?

Spotify Technology's stock was trading at $78.95 at the beginning of the year. Since then, SPOT stock has increased by 69.2% and is now trading at $133.62.
View the best growth stocks for 2023 here.

Are investors shorting Spotify Technology?

Spotify Technology saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 2,810,000 shares, a drop of 23.2% from the February 28th total of 3,660,000 shares. Based on an average trading volume of 2,000,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.2% of the company's stock are sold short.
View Spotify Technology's Short Interest.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our SPOT earnings forecast.

How can I listen to Spotify Technology's earnings call?

Spotify Technology will be holding an earnings conference call on Tuesday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) released its earnings results on Tuesday, January, 31st. The company reported ($1.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by $0.15. The company earned $3.23 billion during the quarter, compared to the consensus estimate of $3.26 billion. Spotify Technology had a negative trailing twelve-month return on equity of 17.78% and a negative net margin of 3.48%.

What ETFs hold Spotify Technology's stock?

ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include ProShares On-Demand ETF (OND), Global X Social Media ETF (SOCL), IQ U.S. Mid Cap R&D Leaders ETF (MRND), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust S-Network Streaming and Gaming ETF (BNGE), Generation Z ETF (ZGEN), First Trust International IPO ETF (FPXI) and IQ Engender Equality ETF (EQUL).

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

Spotify Technology updated its first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.16 billion-$3.16 billion, compared to the consensus revenue estimate of $3.33 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 on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None served 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."

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 $133.62.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $25.83 billion and generates $12.36 billion in revenue each year. The company earns $-453,050,000.00 in net income (profit) each year or ($3.09) on an earnings per share basis.

How many employees does Spotify Technology have?

The company employs 8,359 workers across the globe.

Does Spotify Technology have any subsidiaries?
The following companies are subsidiares of Spotify Technology: Anchor FM, Betty Labs Incorporated, Bill Simmons Media Group LLC, Chartable, Cord Project, CrowdAlbum, Cutler Media LLC, Findaway, Gimlet Media, Loudr, Mediachain, Megaphone LLC, MightyTV, Podsights, Podz Inc., Preact, S Servicios de Música México S.A. de C.V., Seed Scientific, Sonalytic, SoundBetter, Soundtrap AB, Soundwave, Spotify AB, Spotify Australia Pty Ltd, Spotify Brasil Serviços De Música LTDA, Spotify Canada Inc., Spotify France SAS, Spotify GmbH, Spotify India LLP, Spotify Italy S.r.l., Spotify Japan K.K, Spotify Ltd, Spotify Singapore Pte Ltd., Spotify Spain S.L., Spotify USA Inc., The Echo Nest, Tunigo, Whooshkaa, and niland.
Read More
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 4/1/2023 by MarketBeat.com Staff