Free Trial
Most-Upgraded StocksMost-Upgraded
NYSE:SPOT

Spotify Technology (SPOT) Stock Price, News & Analysis

→ This Apple-like Innovator is Revolutionizing Healthcare (From Wall Street Star) (Ad)
Free SPOT Stock Alerts
$304.59
+1.28 (+0.42%)
(As of 09:46 AM ET)
Compare
Today's Range
$297.25
▼
$305.20
50-Day Range
$243.58
▼
$310.31
52-Week Range
$128.67
▼
$319.30
Volume
1.91 million shs
Average Volume
2.10 million shs
Market Capitalization
$60.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$276.58
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
8.9% Downside
$276.58 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.64mentions of Spotify Technology in the last 14 days
Based on 84 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
48.00%
From $3.50 to $5.18 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.

4.42 out of 5 stars

Business Services Sector

44th out of 306 stocks

Radio Broadcasting Stations Industry

3rd out of 8 stocks

See Top Rated MarketRank™ Stocks Here
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

April 24, 2024 | marketbeat.com
Users Refuse to Give Up On Spotify, So Does Wall Street
Even a year of uncertainty and higher-than-average inflation rates posed no match for the U.S. consumer. Shares of Spotify Technology NYSE: SPOT rallied by more than 11% to end Tuesday's trading session on April 23.
April 24, 2024 | marketbeat.com
Users Refuse to Give Up On Spotify, So Does Wall Street (SPOT)
Spotify earnings showed investors that it's current premium valuation is more than justified, double-digit upside and EPS growth lies ahead for the name
April 24, 2024 | Wall Street Star (Ad)
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
April 22, 2024 | marketbeat.com
3 Cheap Stocks That Shouldn’t Be So
Three stocks could become buy targets around fears that interest rate cuts won't come, these businesses bet that cuts could actually be around the corner.
April 22, 2024 | marketbeat.com
3 Cheap Stocks That Shouldn't Be So
Certain stocks fall out of favor once every business cycle, whether for actual justifiable reasons or because of plain overlooking. Markets can get busy and caught up with sectors that make the most noise, such as the U.S. technology sector, which has been taken to all-time highs by names like Nvidia Co. NASDAQ: NVDA.
March 25, 2024 | marketbeat.com
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
April 24, 2024 | techcrunch.com
Spotify submits a new update to Apple with pricing information for EU users
April 24, 2024 | msn.com
Spotify rises as premium subscribers grow in Q1, despite lower than expected monthly users
April 24, 2024 | DTI (Ad)
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
April 24, 2024 | markets.businessinsider.com
Analysts’ Top Communication Services Picks: Spotify Technology SA (SPOT), Sirius XM Holdings (SIRI)
April 24, 2024 | benzinga.com
Spotify Analysts Boost Their Forecasts After Q1 Earnings
April 24, 2024 | fool.com
Spotify's Incredible Quarter Pushes Shares 15% Higher
April 24, 2024 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Price Target Raised to $400.00 at Pivotal Research
April 24, 2024 | finance.yahoo.com
Heard on the Street Wednesday Recap: They're Playing Our Song
April 24, 2024 | businessinsider.com
Spotify CEO Daniel Ek has realized laying off 1,500 people at one go may have created a 'significant challenge' for Spotify's day-to-day operations
April 24, 2024 | americanbankingnews.com
Spotify Technology (NYSE:SPOT) Reaches New 52-Week High After Analyst Upgrade
April 23, 2024 | msn.com
Spotify turns up volume to make record profits
April 23, 2024 | msn.com
Spotify Surges on Swing to Profit, Boost in Paid Subscribers
April 23, 2024 | finance.yahoo.com
Q1 2024 Spotify Technology SA Earnings Call
April 23, 2024 | markets.businessinsider.com
Spotify Demonstrates Robust Financial Health With Impressive Q1 Revenue, Margin Improvements: Analyst
April 23, 2024 | finance.yahoo.com
Spotify's First Quarter Tells A Story Of Record Profit And An Epic Win
April 23, 2024 | finance.yahoo.com
Why Spotify's earnings underline gross margin 'sustainability'
April 23, 2024 | nypost.com
Spotify reaches record high earnings — but misses target on monthly active users
April 23, 2024 | pymnts.com
Spotify Dubs 2024 ‘Year of Monetization' as Subscribers Surge 14% in Q1
April 23, 2024 | investorplace.com
5 Investors Betting Big on Spotify (SPOT) Stock
April 23, 2024 | investopedia.com
Spotify Stock Soars as Monthly Active Users Jump
April 23, 2024 | msn.com
Spotify Swings to Profit Amid Boost in Paid Subscribers
See More Headlines
Receive SPOT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/06/2024
Today
4/24/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Business Services
Industry
Radio broadcasting stations
Sub-Industry
N/A
Current Symbol
NYSE:SPOT
CUSIP
N/A
CIK
1639920
Web
www.spotify.com
Phone
46-7-022-046-07
Fax
N/A
Employees
9,123
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$276.58
High Stock Price Target
$400.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-8.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.96)
Trailing P/E Ratio
N/A
Forward P/E Ratio
86.71
P/E Growth
N/A
Net Income
$-575,780,000.00
Net Margins
-4.01%
Pretax Margin
-3.81%
Return on Equity
-23.43%
Return on Assets
-6.89%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.29
Quick Ratio
1.29

Sales & Book Value

Annual Sales
$14.34 billion
Price / Sales
4.20
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$13.85 per share
Price / Book
21.91

Miscellaneous

Outstanding Shares
198,330,000
Free Float
197,534,000
Market Cap
$60.19 billion
Optionable
Optionable
Beta
1.63

Social Links

Beginner's Guide to Pot Stock Investing Cover
Beginner's Guide to Pot Stock Investing

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 Technology stock is currently trading at $252.74, showing potential for growth.
  • Spotify Technology has a market cap of $50.13 billion, indicating a strong presence in the market.
  • Spotify Technology reported earnings per share of ($0.36) for the quarter, beating the consensus estimate.
  • Spotify Technology's two segments, Premium and Ad-Supported, offer diversified revenue streams.
  • Institutional investors like BlackRock Inc. and Wellington Management Group LLP have increased their stakes in Spotify Technology, showing confidence in the company.

Cons

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

  • Spotify Technology's PE ratio of -85.86 may raise concerns about its valuation.
  • Spotify Technology's beta of 1.63 indicates higher volatility compared to the market average.
  • The company's 12-month low of $124.57 suggests potential price fluctuations.
  • Competitive pressure from other audio streaming services could impact Spotify Technology's market share.
  • Uncertainties in the regulatory environment for audio streaming services may pose risks to Spotify Technology's operations.
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 Saturday, April 13, 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?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 7 hold ratings and 18 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?

25 Wall Street research analysts have issued 1 year price targets for Spotify Technology's shares. Their SPOT share price targets range from $129.00 to $400.00. On average, they expect the company's share price to reach $276.58 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
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 at the beginning of 2024. Since then, SPOT shares have increased by 61.5% and is now trading at $303.48.
View the best growth stocks for 2024 here.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings results on Tuesday, February, 6th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.01. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.43) earnings per share.

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), First Trust S-Network Streaming and Gaming ETF (BNGE), Global X Social Media Index ETF (SOCL), First Trust International IPO ETF (FPXI), First Trust Dow Jones International Internet ETF (FDNI), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Global X Millennials Consumer ETF (MILN) and Alger 35 ETF (ATFV).

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

Spotify Technology issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.1 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 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 initial public offering (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 variety of retail and institutional 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 Raymond James Financial Services Advisors Inc. (0.02%).

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 4/24/2024 by MarketBeat.com Staff

From Our Partners
This Apple-like Innovator is Revolutionizing Healthcare
Wall Street Star
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
Traders Agency
SHOCKING Crypto Leak…
Crypto 101 Media
Did You Get Your Free Bitcoin Yet?
Crypto Swap Profits
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
Banyan Hill Publishing
Elon Musk’s Controversial New Project: “Apollo”
InvestorPlace
Biden out June 13; Kamala won’t replace him?
Paradigm Press
New Trump Bombshell
The Freeport Society