Equites Radar

SPOT · Spotify Technology S.A.

Internet Content & InformationSwedenAnalyst view: Buy

$468.99

-1.09% last session

End-of-day data · updated 2026-07-25

Bearish0 bullish · 4 bearish technical signals
Consensus: Buy (1.58 from 38 analysts)
To mean target: +27.4%

Market cap

$99B

Enterprise value

$93B

Trailing P/E

32.9

Forward P/E

30.6

Dividend yield

Beta

1.56

Avg volume

2M

Employees

7K

2D change

2.91%

5D change

-1.96%

10D change

-0.56%

30D change

9.39%

60D change

-8.88%

MTD change

2.15%

YTD change

-16.88%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.58
Covering analysts38
Mean price target$597.60
Low price target$388.58
Upside to mean target+27.4%

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

Technical Analysis

RSI (14)45.3
50-day MA$477.18
200-day MA$529.02
Price vs 50-day MA-1.7%
Price vs 200-day MA-11.4%
MACD histogram-0.48
Volume vs 3-month avg0.7×
52w low $412.7552w high $738.53

Analyst sentiment over time — SPOT

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

Investment Bank Ratings as of 2026-07-22

Latest call per bank · past 12 months

UBS

Buy

$690

+47.1% vs price
▼ cut from $735Maintains · 2026-07-10

Wells Fargo

Overweight

$570

+21.5% vs price
▼ cut from $600Maintains · 2026-07-09

JP Morgan

Overweight

$650

+38.6% vs price
▲ raised from $600Maintains · 2026-05-22

Barclays

Overweight

$565

+20.5% vs price
▲ raised from $500Maintains · 2026-05-22

Morgan Stanley

Overweight

$610

+30.1% vs price
▲ raised from $590Maintains · 2026-05-22

Goldman Sachs

Buy

$600

+27.9% vs price
▼ cut from $670Maintains · 2026-04-29

Citigroup

Neutral

$750

+59.9% vs price
▲ raised from $715Maintains · 2025-09-09

Recent rating actions

DateFirmActionRatingPrice target
2026-07-22BenchmarkMaintainsBuy$695 $650
2026-07-10UBSMaintainsBuy$735 $690
2026-07-09Wells FargoMaintainsOverweight$600 $570
2026-07-09RosenblattMaintainsNeutral$534 $531
2026-05-26Cantor FitzgeraldMaintainsNeutral$430 $520
2026-05-22JP MorganMaintainsOverweight$600 $650
2026-05-22Wells FargoMaintainsOverweight$580 $600
2026-05-22CitizensMaintainsMarket Outperform$600 $625

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 2026-07-23

  • RSI (14): RSI is 45 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 1.7% below the 50-day MA ($477.18).
  • Price vs 200-day MA: Trading 11.3% below the 200-day MA ($529.02).
  • MA cross: The 50-day MA sits below the 200-day MA (death-cross regime) — the longer-term trend points down.
  • MACD (12,26,9): MACD histogram is negative (-0.48) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($412.75) and high ($738.53).

SPOT Price Chart

Loading chart for SPOT

Fundamentals

Revenue (TTM)$18B
EBITDA$2.0B
Free cash flow$1.0B
Operating cash flow$3.0B
Book value / share$44.36
Net debt / EBITDA-2.4
WACC15.0%
Revenue growth8.00%
Earnings growth222.00%

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.