Spotify Technology Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research 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.
View analyst ratings for Spotify Technology or view top-rated stocks.

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.
View MarketBeat's top stock picks here.

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Spotify Technology.

Spotify Technology S.A. (NYSE:SPOT) released its earnings results on Wednesday, April, 28th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.31. The business earned $2.15 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) EPS.
View Spotify Technology's earnings history.

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 65.3% and is now trading at $223.32.
View which stocks have been most impacted by COVID-19.

Spotify Technology updated its fourth quarter 2021 earnings guidance on Wednesday, July, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.99 billion-$3.23 billion.

24 brokers have issued 1-year price targets for Spotify Technology's shares. Their forecasts range from $170.00 to $425.00. On average, they anticipate Spotify Technology's share price to reach $309.84 in the next year. This suggests a possible upside of 38.7% 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), Audacy (AUD), Urban One (UONE), Urban One (UONEK), Cumulus Media (CMLS), Townsquare Media (TSQ), 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 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 Rheos Capital Works Inc. (0.03%), Scout Investments Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Fulton Bank N.A. (0.00%), Golden Green Inc. (0.00%) and XR Securities LLC (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Raymond James Trust N.A., Lindbrook Capital LLC, Mandatum Life Insurance Co Ltd, and Golden Green Inc..

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., State of Alaska Department of Revenue, Rheos Capital Works Inc., Symmetry Investments LP, XR Securities LLC, Alpha Cubed Investments LLC, DAVENPORT & Co LLC, and Fulton Bank N.A..

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.
Compare Top Brokerages Here.

One share of SPOT stock can currently be purchased for approximately $223.32.

Spotify Technology has a market capitalization of $40.03 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]