Spotify
SPOT

$322.77

1.78%

Market Cap: $64.8B

About: Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.

Employees: 7,372

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 18 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

176% more first-time investments, than exits

New positions opened: 174 | Existing positions closed: 63

36% more funds holding in top 10

Funds holding in top 10: 36 [Q1] → 49 (+13) [Q2]

31% more repeat investments, than reductions

Existing positions increased: 309 | Existing positions reduced: 236

16% more funds holding

Funds holding: 711 [Q1] → 822 (+111) [Q2]

15% more capital invested

Capital invested by funds: $32.9B [Q1] → $38B (+$5.04B) [Q2]

1.95% less ownership

Funds ownership: 62.96% [Q1] → 61.01% (-1.95%) [Q2]

45% less call options, than puts

Call options by funds: $1.36B | Put options by funds: $2.47B

See Fund Rankings

Research analyst outlook

18 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$230

29%

downside

Avg. target

$389

21%

upside

High target

$460

43%

upside

18 analyst ratings

15 positive

83%

2 neutral

11%

1 negative

6%

Cantor Fitzgerald Deepak Mathivanan 50% 1-year accuracy 7 / 14 met price target	5%upside $340	Neutral Initiated	5 Sept 2024
Evercore ISI Group Mark Mahaney 63% 1-year accuracy 17 / 27 met price target	43%upside $460	Outperform Maintained	29 Aug 2024
Guggenheim Michael Morris 50% 1-year accuracy 7 / 14 met price target	30%upside $420	Buy Maintained	24 Jul 2024
Barclays Kannan Venkateshwar 50% 1-year accuracy 5 / 10 met price target	12%upside $360	Overweight Maintained	24 Jul 2024
Morgan Stanley Manan Gosalia 83% 1-year accuracy 10 / 12 met price target	24%upside $400	Overweight Maintained	24 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 28 articles about SPOT published over the past 30 days

CNBC Television

Calls of the Day: Oracle, Costco, Energy Transfer, Spotify and Honeywell

The Investment Committee debate the latest Calls Of The Day.

Calls of the Day: Oracle, Costco, Energy Transfer, Spotify and Honeywell

Proactive Investors

Man accused of using AI bots to trick streaming platforms out of millions

A man has been charged in an alleged scheme to defraud music streaming platforms of over $10 million by using artificial intelligence to trick their algorithms. The indictment alleges that Michael Smith of North Carolina, US, used bots to artificially inflate streams on platforms including Spotify, Apple Music, and YouTube, manipulating royalty payments for his AI-generated songs.

Man accused of using AI bots to trick streaming platforms out of millions

Zacks Investment Research

3 Stocks to Buy From the Flourishing Technology Services Market

Significant growth since the pandemic, driven by the frequent adoption of remote work and other technological advancements, should help the Zacks Technology Services industry thrive. BYRN, SPOT and CLMB are well-positioned to make the most of the exploding demand.

3 Stocks to Buy From the Flourishing Technology Services Market

Zacks Investment Research

Enrich Your Portfolio With These 4 Top-Ranked Liquid Stocks

Investors can add these top-ranked liquid stocks, Abercrombie & Fitch, Willdan, Spotify and Angi to their portfolio to boost returns.

Enrich Your Portfolio With These 4 Top-Ranked Liquid Stocks

Zacks Investment Research

Bull of the Day: Spotify Technology (SPOT)

Spotify's growth has been stellar, with EPS growing 185% and sales moving 19% higher throughout its latest period.

Bull of the Day: Spotify Technology (SPOT)

The Motley Fool

Up 82% This Year, Should Investors Still Buy This Red-Hot Growth Stock?

This streaming stock soared during the pandemic, then fell off a cliff once lockdown restrictions eased. Rising profitability, driven by cost-cutting and price hikes, has re-invigorated its stock price.

Up 82% This Year, Should Investors Still Buy This Red-Hot Growth Stock?

Spotify points finger at Apple over an unwelcome change to volume control technology

Spotify claims Apple may be again in violation of European regulation, the Digital Markets Act (DMA), which requires interoperability from big technology companies dubbed “gatekeepers.” This time, the issue isn't about in-app purchases, links or pricing information, but rather how Apple has discontinued the technology that allows Spotify users to control the volume on their connected devices.

Spotify points finger at Apple over an unwelcome change to volume control technology

Spotify: Own Content To Defend Profit Margins

Spotify's premium subscriber growth and price increases have driven strong earnings, but reliance on record labels could cap future profitability. Investments in owned content like podcasts and audiobooks aim to diversify revenue, but podcast profitability has been challenging. The shift to ad-supported podcast models may help break even but limits profit potential; audiobooks show promise but remain uncertain.

Spotify: Own Content To Defend Profit Margins

Zacks Investment Research

Spotify Stock Soars 81% Year to Date: Should You Invest or Avoid?

In light of the recent increase in SPOT's price, it's crucial to assess the company's current standing to make an informed investment decision.

Spotify Stock Soars 81% Year to Date: Should You Invest or Avoid?

Investors Business Daily

Spotify Stock Has Several Tailwinds, Analyst Says

A Wall Street analyst sees several tailwinds for Spotify stock in the second half of 2024. Spotify shares have stalled recently.

Spotify Stock Has Several Tailwinds, Analyst Says

See News Rankings