Brokers Set Expectations for SPOT FY2027 Earnings

Spotify Technology (NYSE:SPOT) – Research analysts at Erste Group Bank issued their FY2027 earnings per share estimates for Spotify Technology in a research note issued to investors on Wednesday, February 18th. Erste Group Bank analyst S. Lingnau expects that the company will post earnings per share of $18.76 for the year. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Spotify Technology’s current full-year earnings is $10.30 per share.

A number of other brokerages have also issued reports on SPOT. KeyCorp decreased their target price on shares of Spotify Technology from $830.00 to $720.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. UBS Group reduced their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Pivotal Research downgraded Spotify Technology from a “buy” rating to a “hold” rating and lowered their price objective for the company from $875.00 to $420.00 in a research report on Wednesday, February 11th. Cantor Fitzgerald dropped their target price on Spotify Technology from $615.00 to $525.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Finally, Rosenblatt Securities decreased their price target on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $706.42.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $490.98 on Monday. The company has a 50-day simple moving average of $521.83 and a 200-day simple moving average of $614.49. The company has a market cap of $101.06 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $1.88 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year.

Institutional Trading of Spotify Technology

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in Spotify Technology by 1.9% during the fourth quarter. State Street Corp now owns 4,712,249 shares of the company’s stock valued at $2,736,450,000 after buying an additional 89,951 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Spotify Technology by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company’s stock valued at $2,247,042,000 after acquiring an additional 149,479 shares during the period. Capital World Investors raised its stake in shares of Spotify Technology by 4.9% in the 4th quarter. Capital World Investors now owns 2,863,821 shares of the company’s stock valued at $1,663,024,000 after acquiring an additional 133,108 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Spotify Technology by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,665,512 shares of the company’s stock valued at $1,547,890,000 after acquiring an additional 62,887 shares in the last quarter. Finally, Coatue Management LLC boosted its position in 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 purchasing an additional 647,708 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Company Profile

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.