B
Bull
Bull · 25%SPOT
$838.65
Scenario price
$526.080
+7.418 (+1.41%)At close
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- High
- 536.740
- Open
- 523.000
- VWAP
- 527.96
- Volume
- 1.72M
- Mkt Cap
- 62.78B
- Low
- 521.060
- Amount
- 910.18M
- EV/EBITDA, TTM
- 32.42
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks.
AI analysis of Spotify Technology SA (SPOT)
HoldSpotify is currently priced at $530.46, which is close to the average analyst target of $540. The RSI is at 65.48, indicating it is nearing overbought territory, while the forward P/E ratio is 28.57, suggesting it may be overvalued compared to its growth potential. The main risk is the downgrade from StoneX, which reflects concerns about short-term financial optics, despite long-term growth potential.
Analyst Ratings (8)
+42.71% upside
Buy
6 Buy
2 Hold
0 Sell
Current: 526.08
Low
525.00
Average
750.79
High
900.00
Cantor Fitzgerald
Neutral
$490
2026-10-12
Cantor Fitzgerald
2026-10-12
Price Target
$490
Neutral
Piper Sandler
Neutral
$540
2026-10-08
Piper Sandler
2026-10-08
Price Target
$540
Neutral
UBS
Buy
$675
2026-10-05
UBS
2026-10-05
Price Target
$675
Buy
KeyBanc
Overweight
$660
2026-10-01
KeyBanc
2026-10-01
Price Target
$660
Overweight
Rosenblatt
Neutral
$527
2026-08-05
Rosenblatt
2026-08-05
Price Target
$527
Neutral
Valuation Metrics
The current forward P/E ratio for Spotify Technology SA (SPOT) is 28.57, compared to its 5-year average forward P/E of 11.05.
Alphio AI Price Scenarios for SPOT
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.
Whales holding SPOT
Events Timeline
News
6.510-19FoolSpotify's Investment Strategy Amid Market Volatility
9.510-18CNBCUpcoming Earnings Reports Spark Market Attention
6.510-17CNBCBank of America Bullish on Several Tech Stocks Ahead of Earnings
6.010-15CNBCLatest Wall Street Rating Updates
3.510-12CNBCMeta's AI Products Drive Future Growth Potential
SPOT FAQ — answered by Alphio AI
Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play their favorites, discover new tracks and build a personalized collection. Its users can either select Spotify Free, which includes only shuffle play or Spotify Premium, which encompasses a range of features, such as shuffle play, advertisement free, unlimited skips, listen offline, play any track and audio. The Company operates through a number of subsidiaries, including Spotify LTD and is present in over 20 countries. Its service offers a music listening experience without commercial breaks. It operates in the Technology sector.
Spotify is currently priced at $530.46, which is close to the average analyst target of $540. The RSI is at 65.48, indicating it is nearing overbought territory, while the forward P/E ratio is 28.57, suggesting it may be overvalued compared to its growth potential. The main risk is the downgrade from StoneX, which reflects concerns about short-term financial optics, despite long-term growth potential.
8 analysts cover SPOT: 6 rate it Buy, 2 Hold and 0 Sell. The average price target is 750.79.
Community
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eMarketer: Over the last 5 quarters, $SPOT has grown its ad-supported user base from 420M to 490M users. Yet over that same period, ad-supported revs has declined y/y in 4 of the 5 quarters and grew just +1% in the most recent one. The company's 2Q26 results showed total rev growth of +14%, but that performance was driven almost entirely by premium subs, which account for 90% of Spotify's business Spotify leads streaming audio, so its advertising struggles signal broader challenges for the medium. If the category leader can't monetize a massive ad-supported audience, the problem likely lies in how advertisers value audio inventory compared with other digital channels Spotify has poured more than $1B into its podcast business, and executives believe podcast ads could eventually drive 40% margins. That bet rests on what makes podcast audiences different. Most podcasts have tiny but intensely engaged audiences. The average podcast gets just 27 listens in the first week, according to Buzzsprout. Weekly podcast listeners find podcast hosts twice as important as social media influencers, per Cumulus Media, and 67% of global listeners have made a purchase directly because of a podcaster, according to Acast. Just 25% of US adults consider podcast advertising annoying, compared with 50% for online display ads and 46% for $GOOGL YouTube, according to YouGov Spotify is exploring new ways to monetize premium subscribers beyond monthly fees. A partnership with Live Nation gives premium subscribers early access to concert tickets based on how much they stream and share an artist's music. The perk is hard to justify. At $144 per year for Spotify Premium, subs would need to attend multiple concerts annually to justify the expense, and tickets for popular artists remain prohibitively expensive regardless of early access.
Show moreThis page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.