Spotify Technology S. A. , together with its subsidiaries, provides audio streaming services in the United States, the United Kingdom, Luxembourg, and internationally.
Spotify stock last closed at $79.45, up 0.04% from the previous day, and has decreased 64.7% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.11 percentage points. Spotify stock is currently +14.67% from its 52-week low of $69.29, and -67.86% from its 52-week high of $247.20.
As of Dec 1, 2022, there are 193.08M SPOT shares outstanding. The market cap of SPOT is $15.34B. In the last 24 hours, 1.02M SPOT shares were traded.
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You can view all of the due diligence checks on SPOT's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge SPOT's intrinsic value.
Using relative valuations metrics:
You can access additional valuation research on SPOT's stock here.
Out of 21 sell side analysts who monitor SPOT, the consensus analyst rating on SPOT is a Buy
Barton Crockett, a bottom 9% analyst from Rosenblatt maintains SPOT with a hold rating and lowers their SPOT price target from $112.00 to $87.00, on Nov 1, 2022.
Matthew Thornton, a bottom 12% analyst from Truist Securities maintains SPOT with a strong buy rating and lowers their SPOT price target from $125.00 to $115.00, on Oct 28, 2022.
Thornton lowered his price target on Spotify Technology S.A. following the release of the company's Q3 earnings report on 2022/10/25.
The company's "disappointing margin quarter" required that he update his model, the analyst said.
He lowered his FY 2022 and 2023 gross margin estimates, Thornton detailed.
For Q3 2022, Spotify reported:
Management commented: "2022 continues to be an investment year for Spotify, as we build out the resources and infrastructure necessary to drive our multi-modal, multi-vertical strategy forward.
"We continue to re-evaluate our spending with an eye towards increasing return efficiency and enhancing productivity across the organization.
"We remain focused on gaining favorable Operating Expense leverage as we progress towards the intermediate-to-long-term targets we conveyed at our 2022 Investor Day."
Spotify shares have lost ~59.6% since the beginning of 2022 against the S&P 500's 20.3% decline.
Jason Bazinet, a bottom 5% analyst from Citigroup maintains SPOT with a strong buy rating and lowers their SPOT price target from $145.00 to $140.00, on Oct 27, 2022.
Benjamin Swinburne, a top 13% analyst from Morgan Stanley maintains SPOT with a strong buy rating and lowers their SPOT price target from $120.00 to $115.00, on Oct 26, 2022.
Mario Lu, a bottom 5% analyst from Barclays maintains SPOT with a strong buy rating and lowers their SPOT price target from $164.00 to $135.00, on Oct 26, 2022.
You can dive deeper into what analysts are saying on the Spotify stock forecast page.
Last year, SPOT revenue was $11.03B. In the last four year, SPOT's revenue has gone up by 18.8% per year. This was slower than the Internet Content & Information industry average of 25.5%.
Dive into SPOT's earnings and revenue performance here.
In the last year, executives and large shareholders at SPOT have not bought or sold any shares.
Research more about who owns SPOT stock here.
No, Spotify doesn't provide an income stream by paying out dividends.
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