At the time of writing, Spotify Technology S.A [SPOT] stock is trading at $493.56, up 1.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPOT shares have gain 6.46% over the last week, with a monthly amount glided 10.01%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Spotify Technology S.A [NYSE: SPOT] stock has seen the most recent analyst activity on January 17, 2025, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Pivotal Research Group reaffirmed its Buy rating on November 13, 2024, and elevated its price target to $565. On September 19, 2024, Pivotal Research Group reiterated its Buy rating and revised its price target to $510 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $340 on September 05, 2024. Goldman upgraded its rating to a Buy and raised its price target to $425 on July 24, 2024. DZ Bank upgraded its rating to Buy for this stock on July 24, 2024, but kept the price target unchanged to $375. In a note dated July 24, 2024, Pivotal Research Group reiterated an Buy rating on this stock and boosted its target price from $400 to $460.
For the past year, the stock price of Spotify Technology S.A fluctuated between $204.22 and $506.47. Currently, Wall Street analysts expect the stock to reach $456.38 within the next 12 months. Spotify Technology S.A [NYSE: SPOT] shares were valued at $493.56 at the most recent close of the market. An investor can expect a potential drop of -7.53% based on the average SPOT price forecast.
Analyzing the SPOT fundamentals
According to Spotify Technology S.A [NYSE:SPOT], the company’s sales were 16.37B for trailing twelve months, which represents an 19.97% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.19 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 487.45 points at the first support level, and at 481.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 505.26, and for the 2nd resistance point, it is at 516.95.
Ratios To Look Out For
It is important to note that Spotify Technology S.A [NYSE:SPOT] has a current ratio of 1.71. Also, the Quick Ratio is 1.71, while the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 5.91, the price to book ratio is 19.29 and price to earnings (TTM) ratio is 133.85.
Transactions by insiders
Recent insider trading involved Daniel Ek, Director and Chief Executive O, that happened on Jan 22 ’25 when 60000.0 shares were purchased. Director and Chief Executive O, Daniel Ek completed a deal on Jan 08 ’25 to buy 60000.0 shares. Meanwhile, Director and Chief Executive O Daniel Ek bought 60000.0 shares on Dec 23 ’24.
