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Most-Upgraded Stocks  
NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$129.48
+1.18 (+0.92%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$128.38
▼
$131.77
50-Day Range
$91.75
▼
$131.05
52-Week Range
$69.29
▼
$160.06
Volume
1.66 million shs
Average Volume
2.08 million shs
Market Capitalization
$25.03 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
2.6% Upside
$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
0.07mentions of Spotify Technology in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.15) to ($0.40) Per Share

Overall MarketRank™

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

1.97 out of 5 stars

Business Services Sector

232nd out of 328 stocks

Radio Broadcasting Stations Industry

8th out of 9 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

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 27, 2023 | Tradewins (Ad)
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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 27, 2023 | Tradewins (Ad)
Modern Day Options Trading For Beginners!
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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
March 22, 2023 | finance.yahoo.com
Spotify Has Spent Less Than 10% of Its $100 Million Diversity Fund
March 22, 2023 | finance.yahoo.com
Spotify Stock Snags a Buy Rating. Analyst Sees Room For Price Increases.
March 22, 2023 | cnbc.com
Here are Wednesday's biggest analyst calls: Meta, Charles Schwab, Apple, Spotify, Tesla & more
March 22, 2023 | finance.yahoo.com
Spotify Spent Less Than 10% of Its $100 Million Diversity Fund
March 20, 2023 | finance.yahoo.com
His L.A.-based podcast company faced a crossroads. Now Jesse Thorn's employees are owners
March 20, 2023 | americanbankingnews.com
Brokerages Set Spotify Technology S.A. (NYSE:SPOT) PT at $131.77
March 19, 2023 | finance.yahoo.com
3 Unstoppable Growth Stocks to Buy if the Stock Market Sells Off
March 17, 2023 | finance.yahoo.com
3 Factors Behind Spotify's Massive Listener Growth
March 17, 2023 | finance.yahoo.com
Spotify Is Finding Its Way
March 16, 2023 | msn.com
Spotify's big update isn't just annoying, it misses the point
March 15, 2023 | msn.com
Spotify president breaks silence on Spotify HiFi — here’s what we know
March 15, 2023 | msn.com
Spotify’s New 2023 Updates: Smart Shuffle, An AI DJ, & More
March 15, 2023 | msn.com
Spotify Has Paid Out $40 Billion to the Music Industry – So Why Is No One Happy? | PRO Insight
March 15, 2023 | benzinga.com
Thinking about trading options or stock in Apple, Spotify, Bank of America, Bunge, or Charles Schwab?
March 15, 2023 | msn.com
Spotify might be about to make a huge blunder with its Apple Music lossless rival
See More Headlines
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SPOT Company Calendar

Last Earnings
1/31/2023
Today
3/27/2023
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
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
+2.6%
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
2.03
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.09 per share
Price / Book
9.89

Miscellaneous

Outstanding Shares
193,290,000
Free Float
192,520,000
Market Cap
$25.03 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities 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?

21 Wall Street analysts have issued 12-month target prices for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they predict the company's stock price to reach $132.78 in the next year. This suggests a possible upside of 3.1% 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 start of the year. Since then, SPOT stock has increased by 63.1% and is now trading at $128.80.
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) announced its quarterly earnings data on Tuesday, January, 31st. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of ($1.28) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to analysts' expectations of $3.26 billion. Spotify Technology had a negative net margin of 3.48% and a negative trailing twelve-month return on equity of 17.78%.

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

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (14.45%), Price T Rowe Associates Inc. MD (5.02%), Morgan Stanley (4.71%), Alecta Tjanstepension Omsesidigt (2.03%), T. Rowe Price Investment Management Inc. (1.41%) and Jennison Associates LLC (0.97%).

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 $128.80.

How much money does Spotify Technology make?

Spotify Technology (NYSE:SPOT) has a market capitalization of $24.90 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 3/27/2023 by MarketBeat.com Staff