Spotify Technology SA's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 113 out of 473 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 597.60.In the medium term, the stock price is expected to trend down.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Spotify Technology SA is 8.43, ranking 68 out of 473 in the Software & IT Services industry. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 3.87B, representing a year-over-year increase of 5.17%, while its net profit experienced a year-over-year increase of 211.52%.
Key Metrics
The current valuation score of Spotify Technology SA is 4.75, ranking 435 out of 473 in the Software & IT Services industry. Its current P/E ratio is 36.64, which is 519.60% below the recent high of 227.03 and 1774.31% above the recent low of -613.49.
The current earnings forecast score of Spotify Technology SA is 8.19, ranking 94 out of 473 in the Software & IT Services industry. The average price target is 750.00, with a high of 965.00 and a low of 503.12.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Spotify Technology SA is 6.73, ranking 331 out of 473 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 503.93 and the support level at 371.48, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Spotify Technology SA is 5.00, ranking 216 out of 473 in the Software & IT Services industry. The latest institutional shareholding proportion is 68.35%, representing a quarter-over-quarter increase of 1.48%. The largest institutional shareholder is Baillie Gifford, holding a total of 8.33M shares, representing 3.97% of shares outstanding, with 24.98% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Spotify Technology SA is 7.98, ranking 51 out of 473 in the Software & IT Services industry. The company's beta value is 1.55. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
