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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:SPOT

Spotify Technology (SPOT) Stock Price, News & Analysis

$263.91
+3.71 (+1.43%)
(As of 03/28/2024 ET)
Today's Range
$258.00
$268.55
50-Day Range
$204.75
$270.39
52-Week Range
$128.57
$278.30
Volume
1.37 million shs
Average Volume
1.86 million shs
Market Capitalization
$52.34 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$235.36

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
10.8% Downside
$235.36 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.55mentions of Spotify Technology in the last 14 days
Based on 42 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
47.88%
From $3.53 to $5.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Business Services Sector

68th out of 310 stocks

Radio Broadcasting Stations Industry

4th out of 9 stocks

SPOT stock logo

About Spotify Technology Stock (NYSE:SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.

SPOT Stock Price History

SPOT Stock News Headlines

Apple: Is it Time to Reload on AI Inflection Point? (SPOT)
Apple stock is having a rough year as it faces numerous lawsuits; analysts are looking for innovation and may get it from AI
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Why Spotify Technology Shares Are Gaining Today
Bull of the Day: Spotify (SPOT)
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
Spotify Is Rocking Hard Right Now. Here’s Why.
Spotify Technology (NYSE:SPOT) Hits New 1-Year High at $278.30
KeyBanc Keeps Their Buy Rating on Spotify Technology SA (SPOT)
Spotify throws its hat in the edtech ring
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
9,123
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$235.36
High Stock Price Target
$330.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-10.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
23 Analysts

Profitability

Net Income
$-575,780,000.00
Pretax Margin
-3.81%

Debt

Sales & Book Value

Annual Sales
$14.34 billion
Book Value
$13.85 per share

Miscellaneous

Free Float
197,534,000
Market Cap
$52.34 billion
Optionable
Optionable
Beta
1.63

Social Links

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Key Executives

  • Mr. Daniel G. Ek (Age 41)
    Founder, CEO & Chairman
    Comp: $1.43M
  • Mr. Alex Norström (Age 46)
    Chief Business Officer & Co-President
    Comp: $407.75k
  • Mr. Gustav Söderström (Age 46)
    Co-President, Chief Product & Technology Officer
    Comp: $378.04k
  • Mr. Sven Martin Lorentzon (Age 55)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 51)
    Chief Financial Officer
    Comp: $616.33k
  • Ms. Dustee Tucker Jenkins (Age 45)
    Chief Public Affairs Officer
    Comp: $2.61M
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 55)
    General Counsel
  • Ms. Katarina Berg (Age 56)
    Chief Human Resources Officer

Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Spotify Technology S.A.:

  • Spotify provides audio streaming subscription services worldwide, tapping into the growing trend of digital music consumption.
  • Recent developments in technology have allowed Spotify to enhance its user experience and expand its user base.
  • Spotify's focus on innovation and development keeps it competitive in the ever-evolving music streaming industry.
  • Current stock price of Spotify Technology S.A. is favorable for potential investors, offering a good entry point.
  • Strong customer support services ensure a positive user experience, leading to customer retention and potential growth.

Cons

Investors should be bearish about investing in Spotify Technology S.A. for these reasons:

  • Competition in the music streaming industry is fierce, with other major players vying for market share.
  • Regulatory challenges and licensing agreements can impact Spotify's operations and profitability.
  • Fluctuations in user preferences and trends could affect Spotify's growth trajectory and revenue streams.
  • Dependency on music labels and artists for content can lead to increased costs and potential disputes.
  • Market volatility and economic conditions may impact the stock price of Spotify Technology S.A., posing risks to investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com.

SPOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPOT shares.
View SPOT analyst ratings
or view top-rated stocks.

What is Spotify Technology's stock price target for 2024?

23 equities research analysts have issued 12 month price targets for Spotify Technology's stock. Their SPOT share price targets range from $129.00 to $330.00. On average, they predict the company's share price to reach $235.36 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for SPOT
or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2024?

Spotify Technology's stock was trading at $187.91 on January 1st, 2024. Since then, SPOT shares have increased by 40.4% and is now trading at $263.91.
View the best growth stocks for 2024 here
.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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 23rd 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 quarterly earnings data on Tuesday, February, 6th. The company reported ($0.36) earnings per share for the quarter, beating analysts' consensus estimates of ($0.37) by $0.01. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.72 billion. Spotify Technology had a negative net margin of 4.01% and a negative trailing twelve-month return on equity of 23.43%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.43) EPS.

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

Spotify Technology issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.9 billion-$3.9 billion, compared to the consensus revenue estimate of $3.9 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?

Spotify Technology (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.

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (12.12%), Price T Rowe Associates Inc. MD (3.22%), Massachusetts Financial Services Co. MA (1.89%), Technology Crossover Management VIII Ltd. (1.34%), Wellington Management Group LLP (1.19%) and Alecta Tjanstepension Omsesidigt (1.09%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SPOT) was last updated on 3/29/2024 by MarketBeat.com Staff

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