FY2026 EPS Estimates for SPOT Decreased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Equities research analysts at Erste Group Bank decreased their FY2026 EPS estimates for Spotify Technology in a research note issued on Monday, July 27th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $14.24 per share for the year, down from their previous forecast of $14.35. The consensus estimate for Spotify Technology’s current full-year earnings is $14.46 per share.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis.

SPOT has been the topic of several other research reports. Canaccord Genuity Group reduced their price objective on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Citizens Jmp boosted their price target on shares of Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research note on Friday, May 22nd. Barclays increased their price objective on shares of Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Cantor Fitzgerald lifted their target price on Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and a consensus price target of $629.73.

Spotify Technology Stock Performance

Shares of Spotify Technology stock opened at $522.68 on Thursday. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $748.30. The company has a market capitalization of $107.61 billion, a P/E ratio of 41.65, a P/E/G ratio of 1.27 and a beta of 1.56. The company has a fifty day moving average of $485.86 and a 200 day moving average of $486.46.

Institutional Trading of Spotify Technology

Several hedge funds have recently made changes to their positions in the business. Northside Capital Management LLC purchased a new stake in shares of Spotify Technology during the 2nd quarter valued at about $523,000. Wasatch Advisors LP grew its position in Spotify Technology by 7.2% in the second quarter. Wasatch Advisors LP now owns 1,054 shares of the company’s stock worth $484,000 after acquiring an additional 71 shares in the last quarter. Community Financial Services Group LLC bought a new stake in Spotify Technology during the second quarter worth approximately $52,000. Arista Wealth Management LLC raised its position in Spotify Technology by 62.0% during the second quarter. Arista Wealth Management LLC now owns 2,439 shares of the company’s stock valued at $1,120,000 after purchasing an additional 933 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Spotify Technology by 77.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,387 shares of the company’s stock valued at $637,000 after buying an additional 606 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the completion of the transaction, the chief executive officer owned 20,259 shares in the company, valued at $9,692,918.55. This trade represents a 50.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Thomas O. Staggs sold 5,477 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the transaction, the director owned 3,619 shares of the company’s stock, valued at $1,903,594. This trade represents a 60.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,442 shares of company stock valued at $54,757,553 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Spotify Technology News Summary

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify is gaining ground on South Korea’s Melon music service, suggesting improving competitive momentum in an important Asian market. Greater market share could support user growth and future advertising and subscription revenue. Spotify is gaining ground on Melon in South Korea, data shows
• Positive Sentiment: A new Snapchat integration enables real-time music sharing through Spotify, potentially increasing content discovery, engagement and user acquisition on the platform. Snapchat introduces real-time music sharing through Spotify integration
• Positive Sentiment: KeyCorp maintained an “Overweight” rating and a $680 price target, forecasting $27.06 in FY2028 EPS. That outlook implies substantial long-term earnings growth compared with the current-year consensus estimate of $14.46. KeyCorp Spotify earnings estimate and price target
• Neutral Sentiment: Investors are watching the August 4 report for evidence of stronger user growth and improving profitability. Spotify recently showed solid earnings performance, but earlier guidance was viewed as cautious, raising the importance of the upcoming outlook. Dear Spotify stock fans, mark your calendars for August 4
• Neutral Sentiment: Shares have recently gained momentum, including a reported 10.51% seven-day return, although they remain below their 52-week high. Analysts disagree on whether cash-flow potential makes the stock attractive or whether its elevated valuation leaves little room for disappointment. Spotify stock may be a bargain on cash flow yet priced for perfection
• Negative Sentiment: KeyCorp lowered its second-quarter EPS estimates, adding pressure ahead of earnings and potentially signaling more modest near-term expectations. Q2 EPS estimates for Spotify lowered by KeyCorp
• Negative Sentiment: Erste Group Bank reduced its FY2027 EPS forecast to $17.60 from $17.70. While the change was small, downward estimate revisions can weigh on sentiment before a closely watched earnings release. Erste Group Bank Spotify earnings estimate revision
• Negative Sentiment: Some analysts believe Spotify lacks the indicators typically associated with a likely earnings beat, while the stock may already be priced for near-perfect results. That creates downside risk if user growth, margins or guidance disappoint. Spotify earnings expected to grow: should you buy?

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.