FY2026 Earnings Estimate for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Stock analysts at Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for shares of Spotify Technology in a report issued on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings per share of $13.73 for the year, up from their prior forecast of $13.71. The consensus estimate for Spotify Technology’s current full-year earnings is $13.79 per share.

Several other brokerages also recently commented on SPOT. UBS Group cut their price objective on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Benchmark lowered their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their target price on shares of Spotify Technology from $570.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Zacks Research cut Spotify Technology from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. Finally, Cantor Fitzgerald lifted their target price on Spotify Technology from $490.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $620.07.

Spotify Technology Stock Performance

Spotify Technology stock opened at $556.15 on Wednesday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $673.16. The company’s 50-day moving average price is $528.52 and its 200-day moving average price is $497.88.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Thursday, October 22nd. The company reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.28 earnings per share.

Institutional Investors Weigh In On Spotify Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Interchange Capital Partners LLC boosted its position in Spotify Technology by 23.5% during the third quarter. Interchange Capital Partners LLC now owns 934 shares of the company’s stock valued at $454,000 after purchasing an additional 178 shares during the last quarter. D.A. Davidson & CO. increased its position in Spotify Technology by 20.4% in the 3rd quarter. D.A. Davidson & CO. now owns 16,186 shares of the company’s stock worth $7,889,000 after purchasing an additional 2,738 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Spotify Technology by 26.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,348 shares of the company’s stock worth $657,000 after purchasing an additional 281 shares in the last quarter. North Dakota State Investment Board lifted its holdings in shares of Spotify Technology by 5.7% during the 3rd quarter. North Dakota State Investment Board now owns 4,837 shares of the company’s stock valued at $2,357,000 after buying an additional 263 shares during the last quarter. Finally, VestGen Advisors LLC grew its stake in shares of Spotify Technology by 4.1% in the 3rd quarter. VestGen Advisors LLC now owns 2,542 shares of the company’s stock valued at $1,239,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Insider Buying and Selling

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the sale, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the transaction, the chief executive officer owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This trade represents a 51.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 68,092 shares of company stock worth $35,762,410. 0.40% of the stock is owned by insiders.

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.