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Spotify Technology S.A. ($SPOT) Stock Forecast: Up 10.3% Today

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is Spotify Technology S.A.?

SPOT (Spotify) is a music streaming company that is gaining attention for its unique approach to music streaming. The stock showed significant positive movement today.

Why is Spotify Technology S.A. going up?

SPOT stock is up 10.3% on Feb 4, 2025 17:45

  • Spotify achieved its first profitable year, resulting in a 10% increase in its stock price.
  • The company set a new record by paying $10 billion in royalties to the music industry in 2024, demonstrating its support for artists.
  • Strong financial results in Q4, with revenue surpassing expectations and growth in monthly active users and premium subscribers, contributed to the stock's upward trend.
  • Analysts show optimism towards Spotify's future performance, anticipating growth in earnings and revenues for the last quarter of 2024.

SPOT Price Chart

SPOT Technical Analysis

SPOT News

Spotify shares pop 10% after company reports first profitable year

The music streaming company said it paid a record $10 billion in royalties to the music industry in 2024.

https://www.cnbc.com/2025/02/04/spotify-shares-pop-10percent-after-company-reports-first-profitable-year.html

0 News Article Image Spotify shares pop 10% after company reports first profitable year

Spotify Q4 Earnings: Revenue Beat, Higher ARPU and Premium Growth Drive Profitability, Issues Strong Q1 Outlook - Spotify Technology ( NYSE:SPOT )

Spotify stock jumped as Q4 revenue beat estimates, with MAUs and premium subscribers surpassing guidance. Gross margin improved to 32.2%, driven by higher ARPU, strong premium growth, and better ad-supported revenue performance.

https://www.benzinga.com/news/earnings/25/02/43463926/spotify-q4-earnings-revenue-beat-higher-arpu-and-premium-growth-drive-profitability-issues-strong-q

1 News Article Image Spotify Q4 Earnings: Revenue Beat, Higher ARPU and Premium Growth Drive Profitability, Issues Strong Q1 Outlook - Spotify Technology  ( NYSE:SPOT )

Spotify ( SPOT ) Q4 Earnings Miss Estimates

Spotify (SPOT) delivered earnings and revenue surprises of -2.08% and 3.81%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2408904/spotify-spot-q4-earnings-miss-estimates

2 Missing News Article Image Spotify  ( SPOT )  Q4 Earnings Miss Estimates

What Analyst Projections for Key Metrics Reveal About Spotify ( SPOT ) Q4 Earnings

Evaluate the expected performance of Spotify (SPOT) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2407461/what-analyst-projections-for-key-metrics-reveal-about-spotify-spot-q4-earnings

3 Missing News Article Image What Analyst Projections for Key Metrics Reveal About Spotify  ( SPOT )  Q4 Earnings

Pre-Q4 Earnings: Should Spotify Stock be in Your Portfolio?

SPOT's fourth-quarter 2024 earnings and revenues are likely to increase year over year.

https://www.zacks.com/stock/news/2406983/pre-q4-earnings-should-spotify-stock-be-in-your-portfolio

4 Missing News Article Image Pre-Q4 Earnings: Should Spotify Stock be in Your Portfolio?

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.

04.01.2025 - SPOT Stock was up 10.3%

  • Spotify achieved its first profitable year, resulting in a 10% increase in its stock price.
  • The company set a new record by paying $10 billion in royalties to the music industry in 2024, demonstrating its support for artists.
  • Strong financial results in Q4, with revenue surpassing expectations and growth in monthly active users and premium subscribers, contributed to the stock's upward trend.
  • Analysts show optimism towards Spotify's future performance, anticipating growth in earnings and revenues for the last quarter of 2024.

04.01.2025 - SPOT Stock was up 12.2%

  • Spotify's Q4 earnings fell short of estimates, but its revenue surpassed expectations, reflecting a solid financial performance overall.
  • By pledging to pay $10 billion to the music industry by 2024, Spotify demonstrates its dedication to content creators and its expanding influence in the music streaming industry.
  • The 139% increase in Spotify's stock price in the past year is attributed to its global audio leadership and the continuous expansion of its subscriber base.
  • The optimistic options activity on Spotify suggests investor confidence in the company's future prospects, likely influenced by its strong market position and potential for further growth.

22.00.2025 - SPOT Stock was up 5.5%

  • Spotify's stock (SPOT) showed a strong bullish movement despite underperforming other market trends.
  • Speculation regarding Apple potentially acquiring Sonos may have positively affected Spotify's stock, with investors considering potential benefits in the music streaming sector.
  • An analyst downgraded Spotify, causing initial concerns, but the overall bullish sentiment from large investors, reflected in options trading, likely offset this negativity.
  • The market's optimism towards Spotify may be influenced by favorable attitudes towards technology and streaming services companies in the current market landscape.

28.00.2025 - SPOT Stock was up 5.1%

  • Spotify's stock (SPOT) showed a strong bullish trend today, closing at a higher value compared to the previous trading session.
  • The favorable market movement is linked to Spotify's recent collaboration with Universal Music Group, expected to increase artist revenues and enhance the user experience on the platform.
  • Analysts view this partnership as mutually beneficial for Spotify, fostering increased investor trust and propelling the stock price to reach annual highs.
  • While Spotify's stock performance was positive, it slightly trailed the overall market performance, signaling potential opportunities for future growth and market outperformance.

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.

15.00.2025 - SPOT Stock was up 5.1%

  • Spotify's stock experienced a significant bullish trend after an increased price target of $550 by Goldman Sachs, citing the company's market leadership and expected margin enhancements post-2023 restructuring.
  • The market responded favorably to the revised forecast, indicating investor belief in Spotify's potential growth within the creator economy.
  • Although there was a minor decline in the stock price by the end of the trading day, the general sentiment remains positive, influenced by the optimistic projections outlined by Goldman Sachs.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.