Based on ratings from 8 stock analysts, the Spotify Technology SA stock price is expected to increase by 4.27% in 12 months. This is calculated by using the average 12-month stock price forecast for Spotify Technology SA. The lowest target is $260.25983 and the highest is $541.75105. Please note analyst price targets are not guaranteed and could be missed completely.
Spotify Technology SA has a total of 8 Wall St Analyst ratings. There are 6 buy ratings, 2 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Spotify Technology SA will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of SPOT.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Matthew Harrigan Benchmark | Buy | $440 | Maintains | Nov 11, 2024 |
Benjamin Black Deutsche Bank | Buy | $440 | Maintains | Nov 6, 2024 |
Steven Cahall Wells Fargo | Overweight | $470 | Maintains | Oct 28, 2024 |
Manan Gosalia Morgan Stanley | Overweight | $430 | Maintains | Oct 23, 2024 |
Barton Crockett Rosenblatt | Buy | $438 | Maintains | Oct 17, 2024 |
Justin Patterson Keybanc | Overweight | $490 | Maintains | Oct 16, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $340 | Reiterates | Oct 7, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $340 | Reiterates | Sep 30, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $340 | Reiterates | Sep 23, 2024 |
Jeffrey Wlodarczak Pivotal Research | Buy | $510 | Maintains | Sep 19, 2024 |
Justin Patterson Keybanc | Overweight | $440 | Maintains | Sep 16, 2024 |
Deepak Mathivanan Cantor Fitzgerald | Neutral | $340 | Initiates | Sep 5, 2024 |
Mark Mahaney Evercore ISI Group | Outperform | $460 | Maintains | Aug 29, 2024 |
Michael Morris Guggenheim | Buy | $420 | Maintains | Jul 24, 2024 |
Eric Sheridan Goldman Sachs | Buy | $425 | Upgrade | Jul 24, 2024 |
Matthew Harrigan Benchmark | Buy | $430 | Maintains | Jul 24, 2024 |
Kannan Venkateshwar Barclays | Overweight | $360 | Maintains | Jul 24, 2024 |
Doug Creutz TD Cowen | Hold | $356 | Maintains | Jul 24, 2024 |
Doug Anmuth JP Morgan | Overweight | $425 | Maintains | Jul 24, 2024 |
Barton Crockett Rosenblatt | Buy | $399 | Maintains | Jul 24, 2024 |
When did it IPO
2018
Staff Count
7,372
Country
Luxembourg
Sector/Industry
Communication Services/Internet Content & Information
CEO
Mr. Daniel G. Ek
Market Cap
$84.22B
In 2023, SPOT generated $13.25B in revenue, which was a increase of 12.96% from the previous year. This can be seen as a signal that SPOT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Spotify projected Q4 profit exceeding Wall Street estimates, driven by cost cuts and subscriber growth, resulting in a 7.7% increase in shares after hours.
Why It Matters - Spotify's strong Q4 profit forecast and subscriber growth indicate financial health and growth potential, positively impacting share price and investor confidence.
Summary - Spotify's Q4 profit guidance exceeds estimates, despite Q3 earnings and revenue falling short of analyst expectations.
Why It Matters - Spotify's strong Q4 profit guidance suggests potential recovery and growth, despite weaker Q3 results, signaling to investors a possible turnaround and investment opportunity.
Summary - Spotify (SPOT) surpassed subscriber growth expectations in Q3, leading to a rise in shares following the announcement.
Why It Matters - Surpassing subscriber expectations boosts Spotify's revenue potential, indicating strong demand and positive growth prospects, which can drive share value upward.
Summary - Spotify (SPOT) shares rose in after-hours trading following strong Q3 subscriber growth that exceeded Wall Street estimates and an improved profit outlook.
Why It Matters - Spotify's strong subscriber growth and positive profit outlook indicate robust demand and financial health, likely boosting investor confidence and potentially driving share prices higher.
Summary - Spotify exceeded forecasts for monthly active users and premium subscribers last quarter, leading to a 9% stock increase, closing above $450.
Why It Matters - Spotify's user growth and subscriber numbers exceeding forecasts indicate strong demand, potentially boosting future revenue and investor confidence, reflected in the stock's initial rise.
Summary - Mark Mahaney from Evercore ISI discussed Spotify's earnings and future prospects on 'Closing Bell: Overtime.'
Why It Matters - Mark Mahaney's insights on Spotify's earnings and outlook can influence investor sentiment and stock price, highlighting potential growth or risks in the streaming sector.