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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Skull found in '97 in remote Alaska belongs to New York man
How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Skull found in '97 in remote Alaska belongs to New York man
How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Closing prices for crude oil, gold and other commodities
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
MarketBeat Week in Review – 1/30 - 2/3
Ford, Starbucks fall; Clorox, Gilead Sciences rise
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Skull found in '97 in remote Alaska belongs to New York man
How major US stock indexes fared Friday 2/3/2023
A gold storm is coming… (Ad)
Jury: Musk didn't defraud investors with 2018 Tesla tweets
Treasury makes more electric SUVs eligible for tax credits
NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$121.17
-1.40 (-1.14%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$118.00
▼
$123.82
50-Day Range
$72.36
▼
$122.57
52-Week Range
$69.29
▼
$177.60
Volume
2.55 million shs
Average Volume
2.62 million shs
Market Capitalization
$23.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$128.05

Spotify Technology MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
5.7% Upside
$128.05 Price Target
Short Interest
Healthy
3.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.34mentions of Spotify Technology in the last 14 days
Based on 86 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.39) to ($0.68) Per Share

Overall MarketRank™

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

2.07 out of 5 stars

Business Services Sector

170th out of 321 stocks

Radio Broadcasting Stations Industry

7th 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. The company operates through the following segments: Premium and Ad-Supported. 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

January 4, 2023 | marketbeat.com
MarketBeat: Week in Review 12/05 – 12/09 (SPOT)
The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.
February 4, 2023 | finance.yahoo.com
Spotify not raising prices reveals 'competitive weakness': Analyst
February 4, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
February 4, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Raised to $132.00 at Truist Financial
February 4, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Raised to $130.00
February 4, 2023 | americanbankingnews.com
Rosenblatt Securities Boosts Spotify Technology (NYSE:SPOT) Price Target to $110.00
February 3, 2023 | finance.yahoo.com
Spotify monthly active users grew 20% in 2022
February 3, 2023 | finance.yahoo.com
Why Spotify Shares Are Soaring This Week
February 4, 2023 | Investor Place Media (Ad)
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
February 3, 2023 | finance.yahoo.com
More than 86,000 tech-sector employees have lost their jobs since the start of the year
February 3, 2023 | americanbankingnews.com
Spotify Technology S.A. (NYSE:SPOT) Expected to Earn Q1 2023 Earnings of ($0.83) Per Share
February 3, 2023 | americanbankingnews.com
Piper Sandler Raises Spotify Technology (NYSE:SPOT) Price Target to $105.00
February 2, 2023 | msn.com
Spotify Executive Compensation: Dawn Ostroff Exit Package Revealed
February 2, 2023 | finance.yahoo.com
More than 85,000 tech-sector employees have lost their jobs since the start of the year
February 2, 2023 | finance.yahoo.com
Reality check for Spotify and the podcast boom
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Given New $130.00 Price Target at Morgan Stanley
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Increased to $140.00 by Analysts at KeyCorp
February 2, 2023 | finance.yahoo.com
Why Spotify Is One of My Favorite Stocks
February 2, 2023 | finance.yahoo.com
Spotify Technology S.A. (NYSE:SPOT) Q4 2022 Earnings Call Transcript
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Raised to $145.00 at Barclays
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Given New $135.00 Price Target at JPMorgan Chase & Co.
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Given New $130.00 Price Target at Pivotal Research
February 2, 2023 | msn.com
Spotify is getting a widget for Windows
February 2, 2023 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Shares Gap Up After Analyst Upgrade
February 1, 2023 | msn.com
Spotify's Profitability Likely To Breakeven Driven By Subscription Pricing Power And Expense Discipline, Analysts Say
February 1, 2023 | finance.yahoo.com
More than 82,000 tech-sector employees have lost their jobs since the start of the year
February 1, 2023 | msn.com
Splunk joins PayPal IBM, SAP, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffs
See More Headlines
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SPOT Company Calendar

Last Earnings
10/27/2021
Today
2/04/2023
Next Earnings (Estimated)
4/26/2023
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
6,617
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$128.05
High Stock Price Forecast
$175.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+5.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
20 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
$-40,220,000.00
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
1.31

Sales & Book Value

Annual Sales
$12.36 billion
Price / Sales
1.88
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.16 per share
Price / Book
9.21

Miscellaneous

Outstanding Shares
192,150,000
Free Float
191,383,000
Market Cap
$23.28 billion
Optionable
Optionable
Beta
1.77

Key Executives

  • Daniel Ek
    Chairman & Chief Executive Officer
  • Paul Aaron Vogel
    Chief Financial Officer
  • Stig Gustav Victor Söderström
    Chief Research & Development Officer
  • Dawn Ostroff
    Chief Content & Advertising Business Officer
  • Alex Norstrom
    Chief Premium Business Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 10 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research 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?

20 brokerages have issued 1-year price objectives for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $175.00. On average, they expect the company's share price to reach $128.05 in the next year. This suggests a possible upside of 5.7% 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 2023?

Spotify Technology's stock was trading at $78.95 at the beginning of 2023. Since then, SPOT shares have increased by 53.5% and is now trading at $121.17.
View the best growth stocks for 2023 here.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our SPOT earnings forecast.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.16. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.44 billion. Spotify Technology had a negative trailing twelve-month return on equity of 17.78% and a negative net margin of 3.48%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) earnings per share.

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

Spotify Technology issued an update on its first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share 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 (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.

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 investors include Baillie Gifford & Co. (14.54%), Allspring Global Investments Holdings LLC (0.28%), Assenagon Asset Management S.A. (0.21%), Privium Fund Management B.V. (0.13%), Simplex Trading LLC (0.00%) and Kovitz Investment Group Partners LLC (0.10%).

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 $121.17.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $23.28 billion and generates $12.36 billion in revenue each year. The company earns $-40,220,000.00 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 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 2/4/2023 by MarketBeat.com Staff