Spotify Technology SA stock (NYSE: SPOT) has been rising rapidly since late 2022. They’re planning to raise prices again, but customers seem okay with this because Spotify keeps coming up with cool new stuff for music streaming that might make them stand out more.
The Artisan Mid Cap Fund talked about Spotify in their investor letter for the first quarter of 2024. Spotify is based in Luxembourg and offers music streaming services. As of April 11, 2024, Spotify’s stock closed at $303.57 per share. In the last month, the stock went up by 19.10%, and over the past year, it gained 125.30%. The company is worth around $60.206 billion.
Our esteemed analysts project a steady rise in Spotify stock price, with expectations reaching $454 per share by the end of 2024.
Spotify stock forecast 2025 price is expected to reach an average price of $375.76 in the first half of 2025, $438.46 by the end of 2025, and is expected to grow earnings and revenue by 44% and 12.34% per annum according to our deep research prognosis respectively.
Spotify Technology S.A. (NYSE: SPOT) stock will grow as one of the best stocks among MGM Resorts International (MGM) and Peloton Interactive (PTON) and Guardian Fund said that they grow five to ten times faster at a rate of 8.5% which is faster than the savings rate (2.4%). Additionally, Spotify 2030 aims to reach 1 billion users by 2030 and become profitable.
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Spotify Technology S.A. Analyst Estimates | SPOT Stock Forecast and Price Prediction
Based on 21 esteemed analysts offering 12-month price targets for Spotify Technology SA (NYSE: SPOT) in the last 3 months. The average price target of Spotify is $272.00 with a high forecast of $325.00 and a low forecast of $194.00. The average price target represents a -8.65% change from the closed at $303.57.
NYSE: SPOT Stock Price Quote | Spotify Technology S.A. Stock Quote Financial
| Previous Close | 303.57 |
| Open | 301.00 |
| Day’s Range | 299.00 – 303.36 |
| 52 Week Range | 128.67 – 313.16 |
| Volume | 1,419,517 |
| Avg. Volume | 1,954,393 |
| Market Cap | 59.587B |
| Beta (5Y Monthly) | 1.65 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.94 |
| Earnings Date | Apr 23, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 280.21 |
$Spotify Technology (SPOT.US) Quarterly Financials
| Spotify (NYSE: SPOT) | Dec 2023 | Year-over-Year Change (%) |
|---|---|---|
| Revenue | 3.67B | 15.95% |
| Net Income | -70M | 74.07% |
| Diluted EPS | -0.35 | 73.48% |
| Net Profit Margin | -1.91% | 77.61% |
About Spotify Technology SA ($SPOT) Company Performance
Spotify is a good company that is currently fair and decent in ZACKS Rank of #1 as a (STRONG BUY). It was started in Sweden in 2006 by Daniel Ek and Martin Lorentzon. They created a service where you can listen to music and other media online. Lots of people use Spotify – more than 602 million each month! About 236 million of these users pay to get extra features. Spotify has its main office in Luxembourg. They are part of the communication services sector and the internet content & information industry. Spotify has around 9,123 employees working full-time.
Spotify (SPOT) Stock Price Today
SPOT | Complete Spotify Technology S.A. stock news and updates on MarketWatch. See real-time stock prices and quotes for comprehensive financial information.
In the most recent trading session, Spotify (SPOT) closed at $303.57, marking a 1.19% increase from the previous trading day. Today, Spotify Technology SA’s stock price is $300.45 USD, showing a decrease of 3.12 points or 1.03%.
Longterm Spotify stock forecast 2024, 2025, 2030, 2034, 2040
Based on our technical indicators and fundamental analysis continual price prediction for Spotify Technology S.A. In 2040, the average target price for SPOT is $$970.35, with a high estimate of $1,076.38 and a low estimate of $727.06. The median estimate represents a +194.90% increase from the last close price of $300.45. You can easily understand the long-term SPOT Price forecast table with detailed price targets for each year.
| Year | Average Forecast | Low Forecast | High Forecast |
|---|---|---|---|
| 2024 | $272.46 | $208.67 | $325.35 |
| 2025 | $375.76 | $224.84 | $438.46 |
| 2026 | $396.66 | $344.97 | $542.41 |
| 2027 | $456.16 | $396.72 | $623.77 |
| 2029 | $502.27 | $424.66 | $725.89 |
| 2030 | $672.61 | $482.86 | $848.77 |
| 2034 | $728.01 | $555.39 | $922.55 |
| 2040 | $970.35 | $727.06 | $1,076.38 |
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Spotify Stock Forecast 2025 | Spotify Stock Price Prediction 2025
Our experts think Spotify Technology SA stock forecast for 2025 (SPOT) price at the beginning of January 2025 will probably start at an average price of $350.50 and Spotify 2025 share price will go up to $438.46 by the middle of the year 2025. But it might also drop to as low as $224.84 by Apr 14, 2025. This long-term forecast is based on the last closing price of $300.45.
Spotify Stock Price Forecast 2027 | Spotify Stock Price Prediction 2027
Our analysts are presenting long term price forecasts for Spotify Technology S.A. In 2027, theaverage target price for SPOT is $456.16 per share, with a first estimate of $396.72 and a second estimate of $623.77. The median prognosis represents a +74.90% increase from the last price of $300.45.
Spotify Stock Price Forecast 2029 | Spotify Stock Price Prediction 2029
Our analysts are presenting long term price forecasts for Spotify Technology S.A. In 2029, the average target price for SPOT is $456.16 per share, with a first estimate of $396.72 and a second estimate of $623.77. The median prognosis represents a +74.90% increase from the last price of $300.45.
Spotify Stock Forecast 2030 | Spotify Stock Price Prediction 2030
Our experts think Spotify Technology SA stock prediction for 2030 (SPOT) price will reach an average price of $672.61 and Spotify stock forecast 2030 share price will go up to 848.77 US Dollars by the middle of the year 2030. But it might also drop to as low as $482.86 by 2030. This long-term forecast is based on the last closing price of $300.45.
Spotify Stock Forecast 2034 | Spotify Stock Price Prediction 2034
Our analysts considering long term price forecasts for Spotify Technology S.A. In 2034, the average target price for SPOT is $728.01 per share, with a maximum price of $922.55 and a minimum price of $555.39. The median forecast represents a +174.90% increase from the last price of $300.45.
Spotify Stock Forecast 2035 | Spotify Stock Price Prediction 2035
For considering long-term price forecasts for Spotify Technology S.A in 2035, the average target price for SPOT is $818.89 per share, with a maximum price of $965.50 and a minimum price of $655.39. The median forecast represents a +204.40% increase from the last price of $300.45.
Spotify Stock Forecast 2040 | Spotify Stock Price Prediction 2040
According to long term price forecasts for Spotify Technology S.A. in 2040, the average target price for SPOT is $970.35 per share, with a maximum price of $1,076.38 and a minimum price of $727. The median forecast represents a +214.40% increase from the last price of $300.45.
spotify stock current news today
Is Spotify a good share to buy in 2024?
Spotify (NYSE: SPOT) stock jumped 135% in 2023 and has risen another 29% in 2024. Despite Spotify’s increasing free cash flow, the company is still not profitable. We anticipate reaching $272.00 by mid-2024.
Is Spotify good long-term Buy stock to invest in?
The analyst rating consensus for Spotify Technology stock analysis is a “Strong Buy,” and this rating is based on the ratings of 24 Wall Street analysts.
What is the 5 year forecast for Spotify stock?
According to WalletInvestor.com, if you invest $100 now, they predict that in 5 years (by 2029), your investment could grow to about $277.49. The current price of the investment is USD 300.45.
What is Spotify Stock be worth in 2025?
Based on the latest long-term forecast, Spotify’s price is predicted to reach $325 by the end of December 2024 and then rise to $372 by the middle of 2025. The company is expected to grow its revenue by 11% and earnings by 45% per year. Additionally, the earnings per share (EPS) is forecasted to grow by 46.5% per year.
Who is most streamed artist on Spotify?
Ed Sheeran, a english ongwriter and singer who is also one of the most followed artist on Spotify is the most streamed person on spotify as of April 2024.
