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Spotify (SPOT) stock forecast for 2024
Updated: April 16, 2024 (09:51)
Sector: Communication servicesThe share price of Spotify Technology S.A. (SPOT) now
50/200 Day Moving Average: $260.13 / $191.76
This figure corresponds to the Average Price over the previous 50/200 days. For Spotify stocks, the 50-day moving average is the resistance level today.
For Spotify stocks, the 200-day moving average is the resistance level today.
Are you interested in Spotify Technology S.A. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Spotify stock price in 2024. How much will one Spotify share be worth in 2024? Is it worth taking profit / loss on SPOT stock now or waiting? What are analysts' forecasts for Spotify stock?
We forecast Spotify stock performance using neural networks based on historical data on SPOT stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Spotify Technology S.A. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Spotify analysts is $278.73. Today 200 Day Moving Average is the support level (191.76 $). 50 Day Moving Average is the support level (260.13 $).
Historical and forecast chart of Spotify Technology S.A. stock
The chart below shows the historical price of Spotify stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the SPOT stock price can be found in the table below.
Spotify Technology S.A. together with its subsidiaries, provides music streaming services worldwide. It works across two segments: Premium and Ad-Supported. The premium segment offers commercial music services to subscribers that include unlimited online and offline high quality streaming access to their catalog. The segment supported by Ad-Support provides ad-supported users with limited online access to their directory. As of December 31, 2017, its platform had 159 million active users and 71 million premium subscribers in approximately 61 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
Spotify (SPOT) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 292.84 | 282.30 | 299.58 | 5.77 % |
| Jun | 295.77 | 280.69 | 319.43 | 12.13 % |
| Jul | 284.24 | 264.63 | 297.88 | 11.16 % |
| Aug | 294.75 | 285.32 | 303.30 | 5.93 % |
| Sep | 296.52 | 276.66 | 305.42 | 9.42 % |
| Oct | 311.35 | 296.40 | 330.34 | 10.27 % |
| Nov | 327.23 | 313.48 | 350.13 | 10.47 % |
| Dec | 323.63 | 302.27 | 331.40 | 8.79 % |
Spotify information and performance
42-44, AVENUE DE LA GARE, LUXEMBOURG, LU
Market capitalization of the Spotify Technology S.A. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of SPOT shares in the company outstanding by the market price of one share.
EBITDA of Spotify is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Spotify price target for 2024 by month
Target values for the price of one Spotify share for May 2024.
In May, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 5.767% volatility is expected.
Pessimistic target level: 282.30
Optimistic target level: 299.58
Target values for the price of one Spotify share for Jun 2024.
In Jun, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 12.130% volatility is expected.
Pessimistic target level: 280.69
Optimistic target level: 319.43
Target values for the price of one Spotify share for Jul 2024.
In Jul, the Negative dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 11.164% volatility is expected.
Pessimistic target level: 264.63
Optimistic target level: 297.88
Target values for the price of one Spotify share for Aug 2024.
In Aug, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 5.928% volatility is expected.
Pessimistic target level: 285.32
Optimistic target level: 303.30
Target values for the price of one Spotify share for Sep 2024.
In Sep, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 9.417% volatility is expected.
Pessimistic target level: 276.66
Optimistic target level: 305.42
Target values for the price of one Spotify share for Oct 2024.
In Oct, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 10.273% volatility is expected.
Pessimistic target level: 296.40
Optimistic target level: 330.34
Target values for the price of one Spotify share for Nov 2024.
In Nov, the Positive dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 10.467% volatility is expected.
Pessimistic target level: 313.48
Optimistic target level: 350.13
Target values for the price of one Spotify share for Dec 2024.
In Dec, the Negative dynamics for Spotify Technology S.A. shares will prevail with possible monthly volatility of 8.789% volatility is expected.
Pessimistic target level: 302.27
Optimistic target level: 331.40
