FY2027 Earnings Estimate for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for Spotify Technology in a research report issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $18.46 per share for the year, up from their previous forecast of $18.40. The consensus estimate for Spotify Technology’s current full-year earnings is $10.30 per share.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein dropped their price target on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, January 14th. UBS Group dropped their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Citigroup raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price for the company in a research note on Friday, January 30th. Moffett Nathanson initiated coverage on Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 target price for the company. Finally, Benchmark lowered their target price on Spotify Technology from $860.00 to $760.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $697.33.

Spotify Technology Stock Down 0.1%

Shares of SPOT stock opened at $482.71 on Wednesday. The business has a 50-day moving average price of $488.13 and a two-hundred day moving average price of $568.27. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The firm has a market cap of $99.38 billion, a P/E ratio of 50.07, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $2.00. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year.

Insider Transactions at Spotify Technology

In other news, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the completion of the sale, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at approximately $9,758,773.68. This trade represents a 50.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPOT. Norges Bank purchased a new position in Spotify Technology during the 4th quarter valued at about $711,460,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Spotify Technology by 1,382.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,182 shares of the company’s stock valued at $724,251,000 after purchasing an additional 1,163,045 shares during the period. Capital World Investors grew its holdings in shares of Spotify Technology by 40.7% during the 3rd quarter. Capital World Investors now owns 2,730,713 shares of the company’s stock worth $1,906,260,000 after acquiring an additional 789,755 shares during the period. Capital Research Global Investors purchased a new position in shares of Spotify Technology during the 3rd quarter worth approximately $512,190,000. Finally, Coatue Management LLC grew its holdings in shares of Spotify Technology by 35.9% during the 4th quarter. Coatue Management LLC now owns 2,450,881 shares of the company’s stock worth $1,423,251,000 after acquiring an additional 647,708 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Headlines Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify expanded its AI “prompted” playlist tool to include podcasts, enabling personalized podcast playlists from simple text prompts — a meaningful product upgrade that can boost engagement, listen time and ad/subscription monetization. Spotify Expands AI Playlist Tool to Include Podcasts
• Positive Sentiment: Bank of America added Spotify to its U.S. 1 list (top investment ideas) and coverage notes highlighted a new HYBE ENHYPEN video-podcast partnership — institutional endorsement plus fresh content deals support growth and investor confidence. Microsoft, Spotify, Viking Added to BofA US 1 List
• Positive Sentiment: Erste Group slightly raised its FY2027 EPS estimate for Spotify, reflecting incremental analyst confidence in the company’s longer-term profitability trajectory. MarketBeat SPOT
• Neutral Sentiment: Media coverage and retail interest (Zacks/Yahoo trending pieces, broad press on the new podcast feature) are driving attention and volume; increased visibility can swing short-term flows but is not a direct earnings driver. Trending Stock: Facts to Know
• Neutral Sentiment: Corporate continuity: Spotify announced CFO Paul Sawyer will retire in May; John Giraldo (from NBCUniversal) will succeed as Chief Accounting Officer — orderly transition reduces governance risk. Bank of America’s U.S. 1 Nod and HYBE Deal
• Negative Sentiment: Barclays lowered its price target from $650 to $600 while keeping an overweight rating — a downward revision that can cap near-term upside and prompt some profit-taking despite the retained positive stance. Barclays Lowers PT

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.