Spotify Technology - SPOT Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 12 hold ratings and 13 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.

25 equities research analysts have issued 12-month price objectives for Spotify Technology's stock. Their SPOT share price forecasts range from $110.00 to $300.00. On average, they expect the company's stock price to reach $182.76 in the next year. This suggests a possible upside of 100.0% from the stock's current price.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.

Spotify Technology's stock was trading at $234.03 at the beginning of 2022. Since then, SPOT stock has decreased by 60.9% and is now trading at $91.40.
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Spotify Technology saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,020,000 shares, an increase of 25.2% from the August 31st total of 4,010,000 shares. Based on an average trading volume of 1,590,000 shares, the short-interest ratio is currently 3.2 days. Approximately 3.9% of the shares of the stock are sold short.
View Spotify Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our SPOT earnings forecast.

Spotify Technology will be holding an earnings conference call on Tuesday, October 25th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings data on Wednesday, July, 27th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.68) by $0.23. 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 was up 22.9% on a year-over-year basis. During the same period last year, the firm earned ($0.23) EPS.

Spotify Technology issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (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 a price of $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."

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 $91.40.

Spotify Technology (NYSE:SPOT) has a market capitalization of $17.56 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.

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.