Spotify Technology SA

Spotify Technology SA Stock Forecast & Price Prediction

Live Spotify Technology SA Stock (SPOT) Price
$410.19

8

Ratings

  • Buy 6
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$410.19

P/E Ratio

170.48

Volume Traded Today

$3.3M

Dividend

Dividends not available for SPOT

52 Week High/low

419.72/170.62

Spotify Technology SA Market Cap

$84.22B

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SPOT Summary

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.

SPOT Analyst Ratings

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.

SPOT stock forecast by analyst

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

SPOT Company Information

What They Do: Provides audio streaming subscription services worldwide.

Business Model: Spotify operates a dual business model consisting of a Premium subscription service and an Ad-Supported service. The Premium segment generates revenue through subscription fees from users who pay for ad-free access to music and podcasts. The Ad-Supported segment monetizes through advertisements played during streaming, allowing users to access content for free.

Other Information: Founded in 2006 and headquartered in Luxembourg City, Spotify also engages in sales, distribution, marketing, research and development, and customer support services.
SPOT
Spotify Technology SA (SPOT)

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

Spotify Technology SA (SPOT) Financial Data

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

$7.88B

Revenue From 2021

$9.67B

22.69 %
From Previous Year

Revenue From 2022

$11.73B

21.30 %
From Previous Year

Revenue From 2023

$13.25B

12.96 %
From Previous Year
  • Revenue TTM $15.37B
  • Operating Margin TTM 7.0%
  • Gross profit TTM $3.40B
  • Return on assets TTM 5.1%
  • Return on equity TTM 14.8%
  • Profit Margin 3.2%
  • Book Value Per Share 21.21%
  • Market capitalisation $84.22B
  • Revenue for 2021 $9.67B
  • Revenue for 2022 $11.73B
  • Revenue for 2023 $13.25B
  • EPS this year (TTM) $2.46

Spotify Technology SA (SPOT) Latest News

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Reuters

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.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - CNBC

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.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Investopedia

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.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Investopedia

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.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - Deadline

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.

News Image

Tue, 12 Nov 2024

Sentiment - POSITIVE

Source - CNBC Television

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.

...

SPOT Frequently asked questions

The highest forecasted price for SPOT is $541.75105 from at .

The lowest forecasted price for SPOT is $260.25983 from from

The SPOT analyst ratings consensus are 6 buy ratings, 2 hold ratings, and 0 sell ratings.