FY2026 Earnings Forecast for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Investment analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for Spotify Technology in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $14.35 per share for the year, up from their previous estimate of $14.27. The consensus estimate for Spotify Technology’s current full-year earnings is $14.51 per share.

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

A number of other research firms have also weighed in on SPOT. Morgan Stanley raised their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Citizens Jmp upped their target price 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 target 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. Canaccord Genuity Group reduced their price target on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, UBS Group decreased their price objective on shares of Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.58.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $493.37 on Monday. The stock has a market cap of $101.57 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 1.22 and a beta of 1.56. The firm’s 50-day moving average is $479.05 and its 200 day moving average is $489.88. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $748.30.

Insider Buying and Selling

In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $480.86, for a total value of $2,613,954.96. Following the transaction, the chief executive officer directly owned 67,582 shares of the company’s stock, valued at approximately $32,497,480.52. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Christopher P. Marshall sold 2,650 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the transaction, the director directly owned 4,039 shares in the company, valued at $2,099,714.54. The trade was a 39.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 111,442 shares of company stock valued at $54,757,553 over the last ninety days. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Spotify Technology

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

About Spotify Technology

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.