Spotify Technology (SPOT) Stock Price, News & Analysis

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.
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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 $390.00. On average, they expect the company's stock price to reach $265.24 in the next year. This suggests that the stock has a possible downside of 3.8%.
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Spotify Technology's stock was trading at $187.91 at the start of the year. Since then, SPOT shares have increased by 46.8% and is now trading at $275.79.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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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.

Spotify Technology S.A. (NYSE:SPOT) released its earnings results on Tuesday, February, 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.01. The business had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.72 billion. Spotify Technology had a negative trailing twelve-month return on equity of 23.43% and a negative net margin of 4.01%. The business's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned ($1.43) earnings per share.

ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include ProShares On-Demand ETF (OND), First Trust S-Network Streaming and Gaming ETF (BNGE), Global X Social Media Index ETF (SOCL), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Global X Millennial Consumer ETF (MILN), Alger 35 ETF (ATFV), MUSQ Global Music Industry ETF (MUSQ) and First Trust IPOX Europe Equity Opportunities ETF (FPXE).

Spotify Technology updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share 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.

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).

Spotify Technology (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.

Spotify Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include AMF Tjanstepension AB (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Allspring Global Investments Holdings LLC (0.14%), Rheos Capital Works Inc. (0.02%), Contravisory Investment Management Inc. (0.02%) and Lakehouse Capital Pty Ltd (0.02%).

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.
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