Stock·NYSE·Communication Services
Spotify Technology S.A. (SPOT)
- Market cap
- $109.05B
- P/E
- 30.49
- Dividend yield
- 0.00%
- Street target
- $591.08median of 40 analysts
- 52-week range
- $405.00 $696.95
The short version
Where SPOT stands today, in four lines, and what CleaRank Financial AI makes of it.
SPOT at a glance
Spotify Technology S.A. (SPOT): Buy, 62/100 on CleaRank's AI score.
- Trend Up: the price is above both its 50- and 200-day moving averages ($521.03 and $497.37).
- Earnings SPOT beat estimates in 2 of its last 4 quarters, and the stock rose the next day every time.
- Insiders Insiders sold $98.9M and made no open-market purchases over the last 18 months.
- Valuation P/E of 30.5 against 23.3 for the Communication Services sector: a premium to peers (+31%).
Figures as of October 17, 2026.
CleaRank Financial AI
CleaRank rates Spotify Technology S.A. (SPOT) Buy, with a model score of 62/100.
The analysts' outlook lifts the score most: 32 of 40 analysts rate it a buy and the median target is 11.4% above the price. Valuation holds it back most: the P/E of 30.49 is 30.8% above the sector median (a premium to peers) and the P/S of 6.02 is 140.8% above the sector median. The trend is up: SPOT trades 1.81% above its 50-day average of $521.03 and 6.65% above its 200-day average of $497.37. Over the past year the price fell 20.17%.
Only on CleaRank
Figures we compute ourselves from SPOT's own price, earnings and insider-filing history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
3/4Price above its 50-day average ›
The price of $530.46 is 1.8% above the 50-day simple moving average of $521.03.Price above its 200-day average ›
The price is 6.7% above the 200-day simple moving average of $497.37.50-day average above the 200-day ›
The 50-day average ($521.03) is 4.8% above the 200-day average ($497.37), the arrangement of a rising longer-term trend.In the upper half of its 52-week range ›
The price sits at 43% of its 52-week range, between $405.00 and $696.95.
SPOT share price
Pick a period: each tab shows how far SPOT has moved over it, to the last close.
Today's trading
Where SPOT sits inside today's range and its 52-week range.
Fundamentals
Valuation against the sector, and the revenue and earnings behind it.
Valuation and quality checks
1/4P/E below the sector median ›
The trailing P/E of 30.49 is 30.8% above the Communication Services median of 23.3.P/S below the sector median ›
The price-to-sales ratio of 6.02 is 140.8% above the sector median of 2.5.Profitable over the last 12 months ›
Net income over the last 12 months was $3.8B on revenue of $20.4B, a net margin of 18.4%.Beat estimates in most recent reports ›
SPOT beat the EPS estimate in 2 of its last 4 reports.
Key statistics
The headline figures for SPOT.
As of October 17, 2026, SPOT trades at $530.46, with a market value of $109.05B and a P/E ratio of 30.49.
What the numbers say
CleaRank Financial AI's reading of SPOT's valuation, growth and risks.
Spotify Technology S.A. (SPOT) trades at 30.49 times earnings, compared with a Communication Services median of 23.3. That makes the P/E a premium to peers, sitting 30.8% above the sector median P/E. Its price-to-sales ratio of 6.02 is 140.8% above the sector median of 2.5. The company's market capitalisation is $109.1B, and its trailing earnings are $17.40 a share.
Over the latest year, revenue expanded 13.90%. Net margin stands at 18.43%, operating margin at 13.71%, and return on equity at 44.48%, which is above the sector median of 15.8%. SPOT also carries debt-to-equity of 0.06.
In the most recent available report in our data, dated April 28, 2026, SPOT beat the estimate by 17.35%. It reported EPS of $3.45, while analysts had expected $2.94. In the first session after that report, the share price rose 2.16%.
Over its last 5 reports, SPOT topped the estimate 2 times, and every one of those beats was followed by a gain the next day. The largest of the earlier reactions came after the April 29, 2025 report, which missed the estimate by 51.58% while the stock rose 6.42%. Looking ahead, analysts expect EPS of $12.23 this fiscal year (growth of 16.4%) and $15.37 the year after (growth of 25.7%).
The P/E of 30.49, 30.8% above the sector median, puts SPOT at a premium to peers, so weaker results would meet a higher bar. Normal swings for SPOT run at about 2.28% a day. The price is 23.89% below its 52-week high of $696.95. Insiders sold $98.9M over the last 18 months and bought none on the open market, though sales of this kind are often planned in advance and say less than purchases would.
SPOT against the Communication Services sector
How SPOT compares with the median Communication Services stock CleaRank tracks.
Price to earnings vs sector: SPOT trades at a significant premium to sector peers (+31%), suggesting market expectations for superior growth or market position.
Return vs XLC: Since May 6, 2025, SPOT has lost 16.2% against a gain of 13.0% for XLC.
Performance against XLC
SPOT and the Communication Services sector fund over the same days.
Revenue and earnings
How much SPOT sells, and how much of it becomes profit.
Revenue growth: Revenue fell 7.2% in FY2025 to €17.2B, from €18.5B a year earlier.
Profit margin: The net margin was 12.9% in FY2025, up from 7.3% the year before.
Profitable: SPOT earned €2.2B in FY2025.
Earnings reality check
Did SPOT beat what analysts expected, and how did the stock react?
Earnings record: SPOT beat the analyst estimate in 2 of the last 4 quarters.
Market reaction: The stock rose in the first session after every beat.
| Report | Estimate | Actual | Surprise | First session | 5 sessions |
|---|---|---|---|---|---|
| Apr 28, 2026after close | $2.94 | $3.45 | +17.35% | +2.16% | -3.38% |
| Feb 10, 2026after close | $2.78 | $4.43 | +59.35% | +2.34% | +0.33% |
| Apr 29, 2025after close | $2.21 | $1.07 | -51.58% | +6.42% | +9.69% |
| Feb 4, 2025after close | $2.00 | $1.76 | -12.00% | +0.68% | +0.22% |
Reports after April 28, 2026 are not yet in our data.
As of October 17, 2026, SPOT has beaten the analyst EPS estimate in 2 of its last 4 reported quarters and rose in the first trading session after every one of those beats; its most recent report in our data, on April 28, 2026, came in 17.35% above the estimate and the stock moved +2.16% in the first session.
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
3/3RSI not overbought or oversold ›
The 14-day RSI is 56.4, in neutral territory.RSI above 50 ›
An RSI of 56.4 is above the 50 midpoint, so buyers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is positive, so the 12-day average is above the 26-day average.
CleaRank AI analysis of SPOT
The score, the reasoning behind it, and what could move the price next.
Spotify Technology S.A. (SPOT) keeps an upward trend, priced at $530.46: 1.81% above its 50-day average of $521.03 and 6.65% above its 200-day average of $497.37. Measured against the past year, the price is 30.98% above the 52-week low of $405.00 and 23.89% below the high of $696.95.
The short and long run point different ways: the price fell 3.10% over the past month, rose 10.94% over the past three months and fell 20.17% over the past year. The 14-day RSI of 56.4 is in the neutral zone, and the MACD line is positive.
Earnings beat ›
The April 28, 2026 report beat the EPS estimate by 17.35%, and the share price rose 2.16% in the first session after it.
Source: Earnings report, April 28, 2026Rating reaffirmed ›
Cantor Fitzgerald kept its Neutral rating on October 12, 2026.
Source: Analyst action, Cantor Fitzgerald, October 12, 2026
New analyst coverage ›
Piper Sandler started coverage at Neutral on October 8, 2026.
Source: Analyst action, Piper Sandler, October 8, 2026
- Keep an eye on the two nearest levels: the 52-week high at $696.95 above the price, and the 50-day SMA at $521.03 below it.
- The 14-day RSI reads 56.4, in the neutral zone, with the MACD line positive; readings above 70 or below 30 mark stretched momentum.
- The share price rose 2.16% in the first session after the April 28, 2026 report. SPOT beat estimates in 2 of the last 5 reports.
The uptrend rests on SPOT staying above its 50-day average at $521.03 and its 200-day average at $497.37; a close below the 50-day would be the first crack in it. On a pullback, the first level the price would meet is the 50-day SMA at $521.03.
The next level overhead for SPOT is the 52-week high at $696.95. The 14-day RSI reads 56.4, which is neutral, in the 40 to 60 band.
Technical indicators
Momentum and trend for SPOT, from its daily closes.
As of October 17, 2026, with SPOT at $530.46, its 14-day RSI is 56.4 (neutral territory), its 50-day simple moving average is $521.03 and its 200-day is $497.37.
Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What SPOT moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 17, 2026, SPOT's 1-year correlation of daily returns is +0.32 with S&P 500 (SPY), +0.30 with Nasdaq 100 (QQQ), +0.16 with Bitcoin (BTC) and +0.02 with gold (XAU).
What Wall Street expects
The analysts' target range and how their ratings split.
Analysts checks
2/3Most analysts rate it a buy ›
32 of 40 analysts rate it a buy or strong buy, 8 a hold and 0 a sell.Median target above the price ›
The median 12-month target of $591.08 is 11.4% above the price.More buy ratings than three months ago ›
32 of 40 rate it a buy now, against 33 of 40 three months ago.
SPOT Wall Street View
12-month price targets
Ratings
Recent rating actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Oct 12, 2026 | Cantor Fitzgerald | Maintains | Neutral |
| Oct 8, 2026 | Piper Sandler | Initiates | Neutral |
| Oct 5, 2026 | UBS | Maintains | Buy |
| Oct 1, 2026 | Keybanc | Maintains | Overweight |
| Sep 29, 2026 | Evercore ISI Group | Maintains | Outperform |
| Aug 13, 2026 | Argus Research | Reiterates | Buy |
As of October 17, 2026, 40 Wall Street analysts cover SPOT: 32 rate it a buy or strong buy, 8 a hold and 0 a sell or strong sell. Their 12-month price targets range from $406.97 to $697.97, with a median of $591.08, 11.4% above the price of $530.46.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
SPOT trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Long entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from SPOT's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much SPOT tends to move, against the market and on its own.
The long record
SPOT's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
2/4Average daily move under 2% ›
The price has moved 2.28% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 79.4%, from February 2021 to November 2022, regained by September 2024.Most 1-year holds ended higher ›
59% of 1-year holding periods in the last 9 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in April 2018 is now worth $35,599, against $33,272 in the S&P 500 (SPY).
SPOT Drawdowns & Recovery
As of October 17, 2026, SPOT's worst peak-to-trough fall over the last 9 years with dividends reinvested was -79.4% (February 2021 to November 2022); it regained that peak by September 2024, 22 months after the low, and 59% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into SPOT in April 2018 is worth now, against the same amount in the S&P 500.
Against the market: SPOT beat the S&P 500 over this period: $35,599 against $33,272.
A $10,000 investment in SPOT in April 2018 would be worth about $35,599 today with dividends reinvested, compared with about $33,272 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to SPOT, and which have not.
Strongest month, June: an average of +9.95%, up in 7 of 9 years.
Weakest month, September: an average of -5.77%, up in 3 of 9 years.
This month, October: has averaged +5.14%, up in 6 of 8 years. Past seasonality does not repeat on schedule.
Over the last 9 years, SPOT's strongest calendar month has been June (average +9.95%, up in 7 of 9 years) and its weakest September (average -5.77%, up in 3 of 9 years).
Average return for each calendar month over the last 9 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in SPOT, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in SPOT today could grow to about $24,721 by 2036 in the base case, with a 90th-percentile outcome near $165,020 and a 10th-percentile outcome around $3,703. Projections are statistical simulations, not guarantees.
SPOT Stock Price Prediction: 2030
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $762 for SPOT by 2030 in the base case, from $530 today (1.4x over 4 years). The 10th-percentile path ends near $229. These are outcomes of a Monte Carlo simulation run on SPOT's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $319 | $581 | $1,058 | |
| 2028 | $272 | $636 | $1,486 | |
| 2029 | $246 | $696 | $1,969 | |
| 2030 | $229 | $762 | $2,531 | |
| 2031 | $218 | $834 | $3,193 |
Method: a lognormal simulation of SPOT's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
Insider trading
What the people running the company have bought and sold.
SPOT insider trading
Shares the company's directors and officers bought and sold, from their own filings.
Month by month
Open-market purchases above the line, sales below.
Insider buying: No insider bought SPOT shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.
As of October 17, 2026, SPOT insiders reported 15 open-market sales worth $98.9M and no open-market purchases over the last 18 months; grants and option exercises are not counted.
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Dustee Jenkins
Officer
|
Grant | 2.0K | - |
| Sep 14, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.9K | $11.4M |
| Sep 14, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.9K | $3.2M |
| Aug 14, 2026 | Dustee Jenkins
Officer
|
Sell | 3.8K | $2.0M |
| Aug 14, 2026 | Dustee Jenkins
Officer
|
Option | 1.7K | $260.5K |
| Aug 3, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.8K | $10.6M |
| Aug 3, 2026 | Alex Norstrom
Chief Executive Officer
|
Sell | 5.4K | $2.7M |
| Aug 3, 2026 | Alex Norstrom
Chief Executive Officer
|
Option | 5.4K | $822.2K |
| Aug 3, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.8K | $3.2M |
| Jul 6, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.8K | $10.0M |
| Jul 6, 2026 | Alex Norstrom
Chief Executive Officer
|
Sell | 5.4K | $2.6M |
| Jul 6, 2026 | Alex Norstrom
Chief Executive Officer
|
Option | 5.4K | $822.2K |
| Jul 6, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.8K | $3.2M |
| Jun 2, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.8K | $10.3M |
| Jun 2, 2026 | Alex Norstrom
Chief Executive Officer
|
Sell | 5.4K | $2.7M |
| Jun 2, 2026 | Alex Norstrom
Chief Executive Officer
|
Option | 5.4K | $822.2K |
| Jun 2, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.8K | $3.2M |
| May 28, 2026 | Christopher P Marshall
Director
|
Grant | 658 | - |
| May 28, 2026 | Neill Heidi O
Director
|
Grant | 658 | - |
| May 28, 2026 | Theodore Anthony Sarandos Jr.
Director
|
Option | 5.6K | $1.4M |
| May 28, 2026 | Theodore Anthony Sarandos Jr.
Director
|
Grant | 494 | - |
| May 28, 2026 | Padmasree Warrior
Director
|
Grant | 329 | - |
| May 26, 2026 | Thomas O Staggs
Director
|
Sell | 5.5K | $2.9M |
| May 26, 2026 | Christopher P Marshall
Director
|
Sell | 2.7K | $1.4M |
| May 26, 2026 | Christopher P Marshall
Director
|
Option | 5.6K | $1.4M |
| May 26, 2026 | Thomas O Staggs
Director
|
Option | 8.9K | $2.9M |
| May 22, 2026 | Sven Hans Martin Lorentzon
Director
|
Sell | 35.4K | $18.6M |
| May 22, 2026 | Sven Hans Martin Lorentzon
Director
|
Option | 35.4K | $8.2M |
| May 22, 2026 | Padmasree Warrior
Director
|
Option | 2.8K | $680.0K |
| May 5, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.8K | $9.0M |
| May 5, 2026 | Alex Norstrom
Chief Executive Officer
|
Sell | 5.4K | $2.4M |
| May 5, 2026 | Alex Norstrom
Chief Executive Officer
|
Option | 5.4K | $822.2K |
| May 5, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.8K | $3.2M |
| May 4, 2026 | Barry C Mccarthy
Director
|
Option | 5.6K | $1.4M |
| May 1, 2026 | Dustee Jenkins
Officer
|
Grant | 5.7K | - |
| May 1, 2026 | Christian Luiga
Chief Financial Officer
|
Grant | 9.3K | - |
| May 1, 2026 | Anna Lundstrom
Officer
|
Grant | 8.6K | - |
| Apr 1, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Sell | 20.8K | $9.9M |
| Apr 1, 2026 | Alex Norstrom
Chief Executive Officer
|
Sell | 5.4K | $2.6M |
| Apr 1, 2026 | Alex Norstrom
Chief Executive Officer
|
Option | 5.4K | $822.2K |
| Apr 1, 2026 | Gustav Stig Victor Soderstrom
Chief Executive Officer
|
Option | 20.8K | $3.2M |
Source: TwelveData, from reported insider filings
Questions people ask
Answered from the figures on this page, as of October 17, 2026.