FY2026 EPS Estimates for SPOT Increased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for Spotify Technology in a research report issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now expects that the company will earn $14.75 per share for the year, up from their previous forecast of $14.69. The consensus estimate for Spotify Technology’s current full-year earnings is $10.30 per share.

SPOT has been the topic of several other research reports. The Goldman Sachs Group raised Spotify Technology from a “neutral” rating to a “buy” rating and lowered their target price for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. UBS Group cut 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. Benchmark cut their price target 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. Barclays cut their price target on Spotify Technology from $650.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Moffett Nathanson began coverage on Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $697.33.

Spotify Technology Trading Up 0.5%

Shares of NYSE SPOT opened at $485.63 on Thursday. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The business has a 50-day moving average price of $487.78 and a two-hundred day moving average price of $567.70. The firm has a market capitalization of $99.98 billion, a PE ratio of 50.38, a PEG ratio of 1.07 and a beta of 1.70.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Wednesday, February 11th. The company reported $5.16 EPS for the quarter, beating 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 business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the business posted $1.88 earnings per share. Spotify Technology’s revenue was up 6.8% compared to the same quarter last year.

Insider Activity at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Helios Capital Management PTE. Ltd. boosted its stake in Spotify Technology by 56.3% in the third quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock worth $5,235,000 after purchasing an additional 2,700 shares in the last quarter. Bessemer Group Inc. boosted its stake in Spotify Technology by 35.1% in the third quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock worth $476,483,000 after purchasing an additional 177,310 shares in the last quarter. Truxt Investmentos Ltda. acquired a new position in Spotify Technology in the third quarter worth $2,093,000. Ownership Capital B.V. bought a new stake in shares of Spotify Technology during the third quarter worth $2,769,000. Finally, Vanguard Group Inc. raised its holdings in Spotify Technology by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock worth $702,106,000 after purchasing an additional 24,199 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Spotify Technology News Roundup

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

• Positive Sentiment: UBS expects a strong Q1 with accelerating revenue and margin gains; Sensor Tower data suggests subscriber upside ahead of the print, which supports near-term beat potential and multiple expansion. Spotify set for strong Q1 report on revenue, margin gains
• Positive Sentiment: Erste Group nudged FY2026 and FY2027 EPS estimates slightly higher, signaling rising analyst confidence in Spotify’s profit trajectory and reinforcing valuation support. Marketbeat report on Erste upgrades
• Positive Sentiment: New product features — AI-generated podcast playlists and improved podcast search/prompt-based discovery — broaden engagement and ad/ARPU monetization opportunities for Spotify’s podcast/video strategy. Spotify Expands AI Playlist Tool to Include Podcasts
• Positive Sentiment: Corporate partnerships and recognition — Bank of America adding Spotify to its U.S. 1 list and a HYBE content partnership — support distribution and content monetization upside. Bank of America’s U.S. 1 Nod and HYBE Deal
• Neutral Sentiment: Barclays trimmed its price target from $650 to $600 but kept an overweight rating — a mixed signal: lower upside math but continued analyst support. Barclays price target cut coverage
• Neutral Sentiment: Earlier-quarter operational highlights (record Q4 MAU gains and margin expansion) and trending coverage (Zacks/Yahoo/Benzinga summaries) keep market focus high but are confirmations rather than new catalysts. Is Spotify Stock a Buy Now?
• Negative Sentiment: UBS warned subscriber growth may slow in Q2 because of tougher year-over-year comps, which could temper top-line momentum and near-term investor enthusiasm if reiterated on the call. Spotify set for strong Q1 report on revenue, margin gains

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.