Insider buying last 90 days
No open-market insider purchases were filed for SPOT in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every SPOT insider filing, plotted on the chart in Gekko.Open SPOT in Gekko
NYSE: SPOT
Spotify Technology (SPOT) Stock Analysis & Forecast
$509.45−19.39 (−3.7%)
Close on Sep 18, 2026. Page updated Sep 19, 9:18 pm ET.
Gekko Brief
AI summarySpotify Technology closes at $509.45, down 3.7% on the day, sitting between its 50-day average of $512.82 and 200-day average of $504.41. The GekkoIndex reads 60.2, placing the stock in the Accumulation zone. Price sits 11.5% above Gekko Fair Value of $456.96, a gap that bears watching. Shares have returned 8.8% over three months but are down 28% over the past year, with a 52-week range of $405.00 to $745.00.
Recent activity centers on insider and institutional selling alongside a supportive analyst view. CEO Gustav Söderström sold 20,913 shares on 14 September at an average price of $544.19, for a total of $11,380,645.47, reducing his stake by more than half, primarily to cover tax obligations. Corient Private Wealth LP and the California State Teachers Retirement System each trimmed their stakes in the second quarter. Separately, Bank of America reiterated a Buy rating and $685 price target, citing new monetization tools and pushing back on concerns about slowing growth.
Looking ahead, the next earnings report is set for 3 November, 44 days away, outside a typical 20-trading-day hold. Over the last 30 days, unusual options activity shows 2 signals, with put premium of $3,119,285 against call premium of $2,353,905. Three billionaire holders and two trailblazer holders are on record. Seasonally, the next 20 trading days have averaged -2.1% over five years, higher in 2 of those years.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $509.45200-day averageGekko Fair Value $456.96
Key stats
- Market cap
- $104.7B
- P/E ratio
- 29.8
- Forward P/E
- 30.6
- EPS, TTM
- $17.77
- Revenue, TTM
- $18.11B
- Profit margin
- 18.4%
- Dividend yield
- —
- Beta
- 1.59
- Volume
- 1.71M avg 1.40M
- 1-year return
- −28.0%
- Typical daily move
- ±3.7%
- Typical 20-day move
- ±8.2%
- 50-day average
- $512.82
- 200-day average
- $504.41
- Next earnings
- Nov 3 before open
- Shares outstanding
- 205.6M
Spotify Technology swing-trade checklist
Spotify Technology scores 2 supportive, 1 mixed and 3 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive1 mixed3 headwinds
- Trendmixed
Averages disagree
Close $509.45 sits between the 50-day ($512.82) and 200-day ($504.41) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
60.2, Accumulation
Reading 60.2 is in the Accumulation zone.
See the GekkoIndex - Fair valueheadwind
11.5% above
Price is 11.5% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneyheadwind
Leans bearish
Last 30 days: 2 unusual options signals.
See smart money - Earnings risksupportive
Reports in 44 days
Next report Nov 3, 2026, 44 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalityheadwind
−2.1% on average
From this point in the calendar, the next 20 trading days averaged −2.1% over 5 years, rising in 2 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Spotify Technology stock chart and price history
Spotify Technology closed at $509.45 on Sep 18, 2026, −28.0% over the past year, inside a 52-week range of $405.00 to $745.00.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −4.5%
- 3 months
- +8.8%
- 6 months
- +5.6%
- 1 year
- −28.0%
The full SPOT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SPOT in Gekko
Follow Spotify Technology through every session
Put SPOT on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.
Track SPOT in GekkoFree for 7 days. No credit card required.
About Spotify Technology
Spotify Technology provides audio streaming services to listeners around the world, giving them access to a catalog of music and podcasts. It is known for letting people stream this content either online or offline across computers, tablets, phones and other connected devices.
The business runs through two segments. The Premium segment sells subscriptions directly to end users and partners, offering online and offline streaming of music and podcasts, along with video, lossless audio and audiobooks in certain markets. The Ad-Supported segment gives users restricted, on-demand access to music along with online and offline access to podcasts, without a paid subscription. Spotify also carries out sales, distribution and marketing work, contract research and development, and customer support services.
Spotify Technology was incorporated in 2006 and is based in Stockholm, Sweden. Its shares are listed on the NYSE under the ticker SPOT.
- Listed
- NYSE
- Sector
- Technology services
- Industry
- Internet software/Services
- Website
- spotify.com
Spotify Technology GekkoIndex: the smart money zone
Spotify Technology’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 60.2, in the Accumulation zone, up 2.8 points over five sessions.
60.2Accumulation
Up 2.8 points over five sessions, from the Neutral zone.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days |
|---|---|---|---|
| Buying | 36 | +2.3% | +4.0% |
| Accumulation (current zone) | 151 | +0.7% | +2.3% |
| Neutral | 400 | +0.5% | +3.8% |
| Distribution | 64 | +2.7% | +3.3% |
| Selling | 11 | +2.1% | +2.6% |
Average SPOT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the SPOT price, zone by zone.Track SPOT in Gekko
Is Spotify Technology stock overvalued? Gekko Fair Value
Spotify Technology trades 11.5% above Gekko Fair Value of $456.96, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what Spotify Technology shares are worth, recalculated every trading day.
$456.96
Gekko Fair Value, Sep 19, 2026
11.5% Overvalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open SPOT in Gekko
Spotify Technology insider and Congress trading
No open-market insider purchases were filed for Spotify Technology, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in SPOT were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for SPOT, plotted on the chart in Gekko.Open SPOT in Gekko
Buybacks
Spotify Technology has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $265.2M
- As a share of market cap
- 0.25%
From company filings.
Unusual options activity last 30 days
2signals, 43% of the flagged premium in calls.
Latest: Bearish flow on Sep 4, $3.10M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
5of the funds Gekko tracks hold SPOT.
2added1opened2trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Spotify Technology earnings: next date and track record
Spotify Technology reports on Nov 3, 2026, before the open (44 days away), and beat the EPS estimate in 3 of its last 8 reports.
Next earnings report
Nov 3, 2026
Expected before the open, 44 days away
- EPS estimate
- $3.24
- Revenue estimate
- $5.72B
3 of 8reports beat the EPS estimate
±8.8%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 4, 2026 AI summary
- What they said
- Spotify reported healthy, broad-based growth in Q2 2026. Revenue was €4.8 billion, up 15% year-over-year on a constant-currency basis (an acceleration from Q1). Gross margin hit a record 33.4% and free cash flow strengthened. Premium revenue rose ~16% driven by subscriber growth (+9% year-over-year) and ARPU expansion (7.4% y/y). Ad‑supported revenue grew 3% y/y; automated/programmatic sales represented nearly 40% of ad revenue. Spotify surpassed 300 million premium subscribers. Management highlighted product and AI investments (Honk, Chirp, Large Taste Model, prompted playlists and other AI features) and is actively optimizing monetization in emerging markets by introducing controlled friction in the free tier and other product changes. The company completed migrating to an in‑house ad server and expects the ads business to inflect toward double-digit growth in H2 2026. Operating expense guidance reflects an elevated, but controlled, EUR ~200M incremental investment for the year focused on compute/marketing and AI; Christian said Q3 expense growth should be roughly consistent with Q2 (excluding currency/social charges).
- Guidance
- Nothing materially changed to prior outlook. Management reiterated they expect the ads business to inflect toward double-digit growth in the second half of 2026. They reiterated the plan to elevate operating expenses by ~EUR200M for the year (compute and marketing), and said Q3 expense growth (ex-currency and social charges) should be roughly consistent with Q2. No specific numeric revenue or EPS guidance was provided on the call.
- Risks flagged
- Slower MAU guidance for Q3 due to intentional product friction and deprecation of lower-end device support in emerging markets could temporarily slow growth. Ad direct-sales declines and transition to automated channels create near-term revenue mix shifts. Artist/content participation and licensing for AI music add-ons is uncertain and could slow product rollouts. Macro/competitive pressure on subscriber growth and pricing, and execution risk on AI investments and cost control.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 4, 2026 | $3.03 est $3.27 | $5.46B est $5.47B | −0.8% |
| Apr 28, 2026 | $3.45 est $2.94 | $5.24B est $5.23B | −10.5% |
| Feb 10, 2026 | $5.16 est $3.21 | $5.32B est $5.31B | +17.4% |
| Nov 4, 2025 | $3.83 est $2.29 | $5.00B est $4.97B | −3.7% |
| Jul 29, 2025 | −$0.48 est $2.30 | $4.94B est $5.02B | −7.2% |
| Apr 29, 2025 | $1.13 est $2.37 | $4.59B est $4.54B | +2.7% |
| Feb 4, 2025 | $1.76 est $2.01 | $4.39B est $4.30B | +14.0% |
| Nov 12, 2024 | $1.45 est $1.67 | $4.37B est $4.48B | +13.9% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Spotify Technology stock forecast and analyst price targets
Analysts’ average 12-month price target for Spotify Technology is $606.59, +19.1% from the last close, from 23 firms rating the stock in the last 90 days.
$606.59consensus 12-month target, +19.1% from the last close
Now $509.45Avg $606.59
Low $420High $720
Each firm’s latest rating in the last 90 days: 23 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 18 | Bank of America Securities | $685 | +34.5% |
| Sep 14 | Morgan Stanley | $640 | +25.6% |
| Sep 11 | Goldman Sachs | $655 | +28.6% |
| Sep 10 | KeyBanc | $680 | +33.5% |
| Sep 9 | Barclays | $565 | +10.9% |
+2.3%average 20-day move after past Accumulation readings
−2.1%average move over the next 20 trading days in the last 5 years
±3.7%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Spotify Technology seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Spotify Technology averaged −2.1% across the last 5 years, rising in 2 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −1.7% | 1 of 5 |
| Next 10 trading days | −3.9% | 1 of 5 |
| Next 15 trading days | −3.2% | 1 of 5 |
| Next 20 trading days | −2.1% | 2 of 5 |
| Next 30 trading days | +2.8% | 3 of 5 |
For scale, SPOT’s typical 20-trading-day move in either direction is about 8.2%.
Spotify Technology market cap and key statistics
Spotify Technology’s market cap is $104.7B, with a P/E ratio of 29.8 and revenue of $18.11B over the last twelve months.
Valuation
- Market cap
- $104.7B
- P/E ratio
- 29.8
- Forward P/E
- 30.6
- EPS, TTM
- $17.77
- Gekko Fair Value
- $456.96
Trading
- Volume
- 1.71M
- Avg volume, 20 days
- 1.40M
- 52-week high
- $745.00
- 52-week low
- $405.00
- Shares outstanding
- 205.6M
Financials
- Revenue, TTM
- $18.11B
- Profit margin
- 18.4%
- Return on equity
- 44.5%
- Quarterly earnings growth, YoY
- +222.4%
Risk and income
- Beta
- 1.59
- Typical daily move
- ±3.7%
- Typical 20-day move
- ±8.2%
Spotify Technology stock news this week
Coverage of Spotify Technology this week reads neutral: 0 positive, 3 neutral and 2 negative headlines.
- Corient Private Wealth LP Sells 3,953 Shares of Spotify Technology $SPOTMarketBeat, Sep 19
- Spotify set for growth, BofA says, citing new monetization toolsProactive Investors, Sep 18
- APPS or SPOT: Which Is the Better Value Stock Right Now?Zacks Investment Research, Sep 18
- Home Depot vs. Spotify Technology: Which Consumer Stock Is a Better Buy in 2026?The Motley Fool, Sep 18
- Gustav Soderstrom Sells 20,913 Shares of Spotify Technology (NYSE:SPOT) StockDefense World, Sep 18
- Spotify (SPOT) Dips More Than Broader Market: What You Should KnowYahoo Finance, Sep 16
Spotify Technology peers
Spotify Technology’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| GOOGLAlphabet | Neutral | 9.1% above |
| GOOGAlphabet | Neutral | 8.8% above |
| METAMeta Platforms | Neutral | 19.5% above |
| NFLXNetflix | Accumulation | 26.9% below |
| MSTRStrategy | Neutral | 2.5% below |
| TRIThomson Reuters | Accumulation | 28.7% below |
A peer links to its own page where one exists.
Spotify Technology stock FAQ
What is Spotify Technology’s market cap?
Spotify Technology’s market cap is $104.7B at the Sep 18, 2026 close of $509.45, with 205.6M shares outstanding. The shares trade on a P/E ratio of 29.8.
What is the Spotify Technology stock forecast?
The consensus analyst 12-month price target for Spotify Technology is $606.59, +19.1% from the last close. Of the 23 firms that rated the stock in the last 90 days, 18 rate it a buy, 5 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Spotify Technology stock overvalued or undervalued?
On Gekko’s estimate Spotify Technology is overvalued: the Sep 18, 2026 close of $509.45 is 11.5% above Gekko Fair Value of $456.96. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Spotify Technology report earnings next?
Spotify Technology is expected to report on Nov 3, 2026, before the market opens (44 days away). Analysts expect earnings of $3.24 per share on revenue of $5.72B. Spotify Technology beat the earnings estimate in 3 of its last 8 reports, moving 8.8% on average across the report.
What is Spotify Technology’s 52-week high and low?
Spotify Technology’s 52-week high is $745.00 and its 52-week low is $405.00; it closed at $509.45 on Sep 18, 2026, −28.0% over the past year.
Is Spotify Technology stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 6 items with data read as supportive (gekkoindex and earnings risk), 1 as mixed (trend) and 3 as headwinds (fair value, smart money and seasonality). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Spotify Technology?
Gekko flagged 2 unusual options signals in Spotify Technology over the last 30 days, with $2.35M of flagged premium in calls and $3.12M in puts. The latest, bearish flow, was on Sep 4, 2026 with $3.10M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
See Spotify Technology the way Gekko members do
Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.
Join 1,349 other traders using Gekko
Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.