Equites Radar

SPOT · Spotify Technology S.A.

Internet Content & InformationSwedenAnalyst view: Buy

$572.36

-2.03% last session

End-of-day data · close of 2026-10-26

Bullish4 bullish · 0 bearish technical signals
Consensus: Buy (1.68 from 38 analysts)
To mean target: +10.6%

Market cap

$118B

Enterprise value

$111B

Trailing P/E

34.9

Forward P/E

37.3

Dividend yield

0.0%

Beta

1.61

Avg volume

2M

Employees

7K

Daily Change %

-2.03%

5 Days Change

-1.94%

10 Days Change

7.90%

30 Days Change

12.23%

60 Days Change

4.54%

Month to Day Change

16.48%

Year to Day Change

-1.44%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.68
Covering analysts38
Mean price target$632.88
Low price target$458.05
Upside to mean target+10.6%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)65.0
50-day MA$527.20
200-day MA$496.70
Price vs 50-day MA+8.6%
Price vs 200-day MA+15.2%
MACD histogram7.43
Volume vs 3-month avg1.1×
52w low $412.7552w high $665.67

Analyst sentiment over time — SPOT

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-10-23

Latest call per bank · past 12 months

Morgan Stanley

Overweight

$700

+22.3% vs price
▲ raised from $640Maintains · 2026-10-23

JP Morgan

Overweight

$700

+22.3% vs price
▲ raised from $650Maintains · 2026-10-23

Wells Fargo

Overweight

$660

+15.3% vs price
▲ raised from $570Maintains · 2026-10-23

Barclays

Overweight

$650

+13.6% vs price
▲ raised from $565Maintains · 2026-10-23

UBS

Buy

$675

+17.9% vs price
▼ cut from $690Maintains · 2026-10-05

Goldman Sachs

Buy

$600

+4.8% vs price
▼ cut from $670Maintains · 2026-04-29

Recent rating actions

DateFirmActionRatingPrice target
2026-10-23Morgan StanleyMaintainsOverweight$640 → $700
2026-10-23OppenheimerMaintainsOutperform$550 → $650
2026-10-23Piper SandlerReiteratesNeutral$540 → $580
2026-10-23JP MorganMaintainsOverweight$650 → $700
2026-10-23Evercore ISI GroupMaintainsOutperform$700 → $750
2026-10-23Wells FargoMaintainsOverweight$570 → $660
2026-10-23BarclaysMaintainsOverweight$565 → $650
2026-10-23TD CowenReiteratesHold$525

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-10-26

  • neutral: RSI (14): RSI is 65 — neutral momentum, neither overbought nor oversold.
  • bullish: Price vs 50-day MA: Trading 8.6% above the 50-day MA ($527.20).
  • bullish: Price vs 200-day MA: Trading 15.2% above the 200-day MA ($496.70).
  • bullish: MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • bullish: MACD (12,26,9): MACD histogram is positive (+7.43) — short-term momentum is improving.
  • neutral: 52-week range: Price sits between the 52-week low ($412.75) and high ($665.67).

SPOT Price Chart

Loading chart for SPOT…

Fundamentals

Revenue (TTM)$19B
EBITDA$3.0B
Free cash flow$1.0B
Operating cash flow$3.0B
Book value / share$47.78
Net Debt / EBITDA-2.4
WACC15.0%
Revenue growth16.00%
Earnings growth-24.00%

About Spotify Technology S.A.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.