Spotify Technology S.A. ($SPOT) Stock Forecast: Down 5.5% Today

What is Spotify Technology S.A.?

Spotify Technology (SPOT) is a leading music streaming service provider with a market capitalization of $95.68 billion. Today, the stock experienced a strong bearish movement.

Why is Spotify Technology S.A. going down?

SPOT stock is down 5.5% on Dec 18, 2024 20:50

• Despite optimism from JPMorgan on tech leaders like Spotify, the stock faced a bearish trend today.
• Analysts' overly optimistic recommendations did not prevent the bearish movement in Spotify's stock.
• The historical outperformance of Spotify over the past 5 years did not shield it from the bearish market movement today.
• Bullish options activity observed in Spotify did not translate into a positive price movement, indicating other market factors at play in the bearish movement.

SPOT Price Chart

SPOT Technical Analysis

SPOT News

Amazon, Meta, Alphabet, Spotify Lead JPMorgan's 2025 Tech Picks For AI Potential - Alphabet ( NASDAQ:GOOGL ) , Meta Platforms ( NASDAQ:META ) , Spotify Technology ( NYSE:SPOT ) , Amazon.com ( NASDAQ:AMZN )

JPMorgan analyst Doug Anmuth has rolled out an optimistic internet 2025 outlook, emphasizing mega-cap tech leaders as top picks. The big winners? Amazon.com Inc AMZN, Meta Platforms Inc META, Alphabet Inc's GOOGL GOOG Google, and Spotify Technology SA SPOT.

https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42561047/amazon-meta-alphabet-spotify-lead-jpmorgans-2025-tech-picks-for-ai-potential

Wall Street Bulls Look Optimistic About Spotify ( SPOT ) : Should You Buy?

Based on the average brokerage recommendation (ABR), Spotify (SPOT) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

https://www.zacks.com/stock/news/2385221/wall-street-bulls-look-optimistic-about-spotify-spot-should-you-buy

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today - Spotify Technology ( NYSE:SPOT )

Spotify Technology SPOT has outperformed the market over the past 5 years by 12.18% on an annualized basis producing an average annual return of 25.75%. Currently, Spotify Technology has a market capitalization of $95.68 billion.

https://www.benzinga.com/insights/news/24/12/42487837/100-invested-in-this-stock-5-years-ago-would-be-worth-this-much-today

Spotify ( SPOT ) Ascends While Market Falls: Some Facts to Note

In the latest trading session, Spotify (SPOT) closed at $480.11, marking a +0.67% move from the previous day.

https://www.zacks.com/stock/news/2383048/spotify-spot-ascends-while-market-falls-some-facts-to-note

Looking At Spotify Technology's Recent Unusual Options Activity - Spotify Technology ( NYSE:SPOT )

Investors with a lot of money to spend have taken a bullish stance on Spotify Technology SPOT. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/12/42470728/looking-at-spotify-technologys-recent-unusual-options-activity

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Spotify Technology S.A. Price History

07.10.2024 - SPOT Stock was up 5.9%

• Unusual bearish options activity was noted, but Spotify's stock showed a strong bullish movement recently.
• Over the last 5 years, Spotify has outperformed the market by 7.88% annually, potentially boosting investor confidence and interest.
• There was a slight decline in Spotify's stock price despite a generally positive market trend, which might indicate a minor correction or profit-taking after a growth phase.

15.10.2024 - SPOT Stock was down 5.0%

• SPOT stock experienced a strong bearish movement despite positive news and a post-earnings rally.
• The drop in SPOT stock could be attributed to profit-taking by investors after a significant price increase following the Q3 results.
• The Power Inflow alert and better-than-expected earnings might have initially boosted the stock, but market dynamics and investor sentiment likely led to the bearish movement.
• Investors may be reassessing their positions in SPOT amid market volatility and broader economic uncertainties, contributing to the downward trend despite recent positive developments.

13.10.2024 - SPOT Stock was up 9.8%

• Despite missing EPS and revenue estimates in Q3, Spotify's stock experienced a bullish movement, showcasing resilience in the market.
• The post-election euphoria dissipating might have led to a more cautious outlook on growth companies, but Spotify managed to defy this trend.
• Analysts downgrading other companies like Doximity, Inc. and Caterpillar could have shifted investor focus towards Spotify's potential for future growth.
• Investors might be optimistic about Spotify's long-term prospects, looking beyond the quarterly numbers and focusing on the company's strategic initiatives and market position.

13.10.2024 - SPOT Stock was up 11.9%

• Following a strong bullish movement, Spotify's stock responded well to its third-quarter earnings report, showing robust revenue growth.
• Macquarie Equity Research increased their price target for Spotify from $395 to $500, reflecting confidence in the company's performance and future prospects.
• Deep-pocketed investors were noted for their bullish options activity on Spotify, contributing to the positive momentum of the stock.
• Despite slightly missing quarterly earnings estimates, Spotify continues to garner optimistic market sentiment, leading to an increase in its stock price.

13.10.2024 - SPOT Stock was up 12.3%

• Spotify's stock experienced a strong bullish movement following the upbeat third-quarter earnings report.
• The increase in price target from $395 to $500 by an analyst contributed to the positive sentiment surrounding the stock.
• Despite reporting slightly lower than expected quarterly earnings, the overall outlook for Spotify seems positive, with analysts increasing their forecasts for the company.
• The unusual options activity and bullish stance adopted by deep-pocketed investors further fueled the upward momentum in Spotify's stock price.

19.08.2024 - SPOT Stock was up 5.0%

• SPOT stock has surged 83% year to date, indicating strong investor interest in the music-streaming sector.
• The positive market movement could be attributed to increasing user subscriptions and engagement on the platform.
• The mention of Spotify alongside other notable companies reflects the growing recognition of SPOT's performance and potential in the market.
• Overall, the bullish trend in SPOT may be driven by a combination of strong financial performance and positive market sentiment towards the music-streaming industry.

19.08.2024 - SPOT Stock was up 5.1%

• Spotify's bullish movement could be attributed to positive analyst coverage and inclusion in the Zacks Analyst Blog, potentially boosting investor confidence.
• The mention of Spotify alongside other companies in the Analyst Blog may have increased visibility and interest in the stock, leading to increased buying pressure.
• This positive news surrounding Spotify may have overshadowed any negative market factors, contributing to the strong bullish movement in SPOT's stock price today.

18.11.2024 - SPOT Stock was down 5.5%

• Despite optimism from JPMorgan on tech leaders like Spotify, the stock faced a bearish trend today.
• Analysts' overly optimistic recommendations did not prevent the bearish movement in Spotify's stock.
• The historical outperformance of Spotify over the past 5 years did not shield it from the bearish market movement today.
• Bullish options activity observed in Spotify did not translate into a positive price movement, indicating other market factors at play in the bearish movement.

14.10.2024 - SPOT Stock was up 6.1%

• Spotify's stock experienced a strong bullish movement today, climbing over 5% during the trading session.
• The positive market movement can be attributed to Spotify reporting better-than-expected third-quarter earnings, with revenue surpassing estimates.
• Analysts are bullish on Spotify's future prospects, with a price target increase from $395 to $500.
• The unusual options activity on Spotify indicates that deep-pocketed investors are adopting a bullish approach towards the company, further boosting investor confidence in the stock.

23.06.2024 - SPOT Stock was up 13.1%

• Following its second-quarter financial results, Spotify's stock saw a significant bullish trend.
• Despite a slight miss on revenue estimates, the company achieved record profits, attributed to a notable increase in Spotify Premium revenue.
• Investors responded positively to the earnings performance, leading to a 14.1% surge in SPOT stock price, driven by the robust profit growth.
• This market response underscores investor confidence in Spotify's premium subscription model and its competitive standing within the streaming sector.

23.06.2024 - SPOT Stock was up 14.3%

• SPOT stock experienced a strong bullish movement following its Q2 2024 earnings report.
• Despite missing revenue estimates, the company beat EPS expectations, leading to investor optimism.
• The market reacted positively to Spotify's 20% year-over-year revenue growth and the surge in premium revenue, indicating potential for increased profitability in the future.
• The focus on tech earnings, including Spotify's positive results, contributed to the overall bullish sentiment in the market, with investors showing confidence in the tech sector's performance.

05.07.2024 - SPOT Stock was up 5.6%

• A surge in options activity with a bullish stance indicates a positive sentiment towards Spotify among investors, potentially driving the stock price higher.
• Solid earnings estimate revisions and the anticipation of a surge in Spotify's shares suggest a favorable outlook for the company, contributing to the bullish movement.
• Despite the mixed Q2 performance, the stock's impressive year-to-date gain of 75.1% showcases strong investor confidence in Spotify's long-term growth prospects, further supporting the bullish market movement.
• The stagnant stock price post Q2 results, despite strong earnings, might have created a buying opportunity for investors looking to capitalize on Spotify's growth potential, leading to increased buying interest and driving the bullish movement.