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
Nov 4 close
$627.66+27.57 (+4.6%)
Gekko Brief
AI summaryNov 4 closeSpotify shares climbed this week on a mix of earnings follow-through and product news. The company's Q3 2026 results, reported 22 October, showed revenue of EUR 5B, up 14% constant currency, with MAU at 788M and subscribers at 306M beating guidance; premium revenue grew 15% and gross margin reached 33%, with EUR 3.2B in free cash flow over 12 months and ad revenue accelerating to 9% constant currency growth. Shares rose even though EPS of 2.81 missed the 3.18 estimate, as subscriber growth and margins drew attention. Separately, a report of a paid AI Remix service added to the move, with shares touching $587.91, up 6% on the day it surfaced.
The stock closed at $627.66, up 4.6%, sitting above both its 50-day ($534.54) and 200-day ($498.75) averages, with the shorter average above the longer one. Monthly returns show a 28.6% one-month gain and 32.1% over three months, though the one-year return stands at -2.6%. The GekkoIndex reads 44.2, placing the stock in the Distribution zone, down 8.6 over five periods. Price sits 30.1% above the Gekko Fair Value of $482.58.
The next earnings report is scheduled for 9 February 2027, 96 days out, placing it beyond a typical 20-trading-day window. No insider, Congress, or unusual options activity appears in their respective 90-day and 30-day windows. Three billionaire holders and two trailblazer holders are recorded. Seasonality over five years shows an average 20-day return of 4.3% from this point in the calendar, with gains in 3 of those years. Analyst consensus among 24 firms stands at 18 buy and 6 hold ratings, with a consensus target of $643.26.
Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.
Spotify Technology price vs fair value
Close $627.66200-day averageGekko Fair Value $482.58
Spotify Technology quick facts
- Market cap
- $129.0B
- P/E ratio
- 36.2
- Forward P/E
- 33.9
- EPS, TTM
- $16.41
- Revenue, TTM
- $18.81B
- Profit margin
- 15.7%
- Dividend yield
- —
- Beta
- 1.46
- Volume
- 2.81M avg 1.91M
- 1-year return
- −2.6%
- Typical daily move
- ±4%
- Typical 20-day move
- ±8.3%
- 50-day average
- $534.54
- 200-day average
- $498.75
- Next earnings
- Feb 9 before open
- Shares outstanding
- 205.6M
Spotify Technology swing-trade checklist
Spotify Technology scores 3 supportive, 0 mixed and 2 headwinds across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive0 mixed2 headwinds
- Trendsupportive
Above 50 and 200-day
Close $627.66 is above the 50-day ($534.54) and 200-day ($498.75) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexheadwind
44.2, Distribution
Reading 44.2 is in the Distribution zone.
See the GekkoIndex - Fair valueheadwind
30.1% above
Price is 30.1% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 96 days
Next report Feb 9, 2027, 96 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+4.3% on average
From this point in the calendar, the next 20 trading days averaged +4.3% over 5 years, rising in 3 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 $627.66 on Nov 4, 2026, −2.6% over the past year, inside a 52-week range of $405.00 to $668.50.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +28.6%
- 3 months
- +32.1%
- 6 months
- +47.6%
- 1 year
- −2.6%
The full SPOT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SPOT in Gekko
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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 44.2, in the Distribution zone, down 8.6 points over five sessions.
44.2Distribution
Down 8.6 points over five sessions, from the Neutral zone.
Reading for Nov 4, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days |
|---|---|---|---|
| Buying | 36 | +2.3% | +4.0% |
| Accumulation | 163 | +0.8% | +2.9% |
| Neutral | 421 | +0.5% | +3.3% |
| Distribution (current zone) | 66 | +2.6% | +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, Distribution readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.
Distribution zone: Institutions potentially offloading. 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 30.1% above Gekko Fair Value of $482.58, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what Spotify Technology shares are worth, recalculated every trading day.
$482.58
Gekko Fair Value, Nov 4, 2026
30.1% Overvalued
At the end of Aug 2026 the price was 17.9% above the estimate.
Gekko Fair ValueShare price, month end
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 Sep 30, 2026
- $341.0M
- As a share of market cap
- 0.26%
From company filings.
Hedge funds and billionaires quarter ended Jun 30
5of the funds Gekko tracks hold SPOT.
2added1opened2trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko
Spotify Technology earnings: next date and track record
Spotify Technology reports on Feb 9, 2027, before the open (96 days away), and beat the EPS estimate in 3 of its last 8 reports.
Next earnings report
Feb 9, 2027
Expected before the open, 96 days away
- EPS estimate
- $3.71
- Revenue estimate
- $5.85B
3 of 8reports beat the EPS estimate
±8.4%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Oct 22, 2026 AI summary
- What they said
- Spotify Q3 2026 revenue hit EUR 5B, up 14% constant currency, in line with guidance. MAU reached 788M while subscribers beat guidance at 306M. Premium revenue grew 15% driven by subscriber growth and higher ARPU. Gross margin exceeded expectations at 33%, with EUR 3.2B in free cash flow generated over 12 months. Ad revenue accelerated to 9% constant currency growth, up from 3% in prior quarters.
- Guidance
- Management expects to reach 316M subscribers by year-end. OpEx growth peaked in Q3 and will moderate from Q4 onward. Ad business momentum expected to continue building in second half of 2026.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Oct 22, 2026 | $2.81 est $3.18 | $5.63B est $5.64B | +11.2% |
| 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% |
“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 $643.26, +2.5% from the last close, from 24 firms rating the stock in the last 90 days.
$643.26consensus 12-month target, +2.5% from the last close
Now $627.66Avg $643.26
Low $460High $725
Each firm’s latest rating in the last 90 days: 24 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Nov 2 | Morgan Stanley | $700 | +11.5% |
| Nov 2 | Citi | $715 | +13.9% |
| Oct 26 | Phillip Securities | $650 | +3.6% |
| Oct 26 | Morgan Stanley | $700 | +11.5% |
| Oct 25 | Bernstein | $725 | +15.5% |
+3.3%average 20-day move after past Distribution readings
+4.3%average move over the next 20 trading days in the last 5 years
±4%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 Nov 4, Spotify Technology averaged +4.3% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +4.6% | 4 of 5 |
| Next 10 trading days | +4.6% | 4 of 5 |
| Next 15 trading days | +4.3% | 3 of 5 |
| Next 20 trading days | +4.3% | 3 of 5 |
| Next 30 trading days | +2.5% | 3 of 5 |
For scale, SPOT’s typical 20-trading-day move in either direction is about 8.3%.
Spotify Technology market cap and key statistics
Spotify Technology’s market cap is $129.0B, with a P/E ratio of 36.2 and revenue of $18.81B over the last twelve months.
Valuation
- Market cap
- $129.0B
- P/E ratio
- 36.2
- Forward P/E
- 33.9
- EPS, TTM
- $16.41
- Gekko Fair Value
- $482.58
Trading
- Volume
- 2.81M
- Avg volume, 20 days
- 1.91M
- 52-week high
- $668.50
- 52-week low
- $405.00
- Shares outstanding
- 205.6M
Financials
- Revenue, TTM
- $18.81B
- Profit margin
- 15.7%
- Return on equity
- 35.8%
- Quarterly earnings growth, YoY
- −24.5%
Risk and income
- Beta
- 1.46
- Typical daily move
- ±4%
- Typical 20-day move
- ±8.3%
Spotify Technology stock news this week
Coverage of Spotify Technology this week reads positive: 5 positive, 3 neutral and 1 negative headlines.
- Spotify Technology SA (639.SG) Seasonal returns chart - Yahoo FinanceYahoo Finance Singapore, Nov 3
- Price Prediction: Spotify Will Hit $1,000 on This Date24/7 Wall Street, Nov 3
- 5,070 Spotify Technology $SPOT Shares Purchased by Nippon Life Global Investors Americas Inc.MarketBeat, Nov 2
- RDDT vs. SPOT: Which Stock Is the Better Value Option?Zacks Investment Research, Nov 2
- Spotify Technology S.A. (0SPT.L) Seasonal returns chartYahoo Finance Australia, Oct 31
- Spotify Shares Climb as Subscriber Growth and Margins Outweigh an Earnings MissMoomoo, Oct 30
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 |
|---|---|---|
| GOOGAlphabet | Buying | 2.4% below |
| GOOGLAlphabet | Buying | 1.7% below |
| METAMeta Platforms | Accumulation | 4.1% above |
| NFLXNetflix | Accumulation | 27.7% below |
| MSTRStrategy | Neutral | 20.3% below |
| TRIThomson Reuters | Neutral | 14.0% 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 $129.0B at the Nov 4, 2026 close of $627.66, with 205.6M shares outstanding. The shares trade on a P/E ratio of 36.2.
What is the Spotify Technology stock forecast?
The consensus analyst 12-month price target for Spotify Technology is $643.26, +2.5% from the last close. Of the 24 firms that rated the stock in the last 90 days, 18 rate it a buy, 6 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 Nov 4, 2026 close of $627.66 is 30.1% above Gekko Fair Value of $482.58. 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 Feb 9, 2027, before the market opens (96 days away). Analysts expect earnings of $3.71 per share on revenue of $5.85B. Spotify Technology beat the earnings estimate in 3 of its last 8 reports, moving 8.4% on average across the report.
What is Spotify Technology’s 52-week high and low?
Spotify Technology’s 52-week high is $668.50 and its 52-week low is $405.00; it closed at $627.66 on Nov 4, 2026, −2.6% over the past year. Over the last five years the shares peaked at $785.00 on Jun 27, 2025.
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, 3 of the 5 items with data read as supportive (trend, earnings risk and seasonality) and 2 as headwinds (gekkoindex and fair value). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each 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 →
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