SPOT Spotify Technology S.A.

Stock NYSE Communication Services

US$594.07 +6.62% Latest close

Trend channel, buy level and 3-month target. Information only, not financial advice.

Above the channel Β· 12-month channel falling

Closed above resistance (US$568.33). The fitted trend may no longer apply.

12-month channel
US$479.82 – US$568.05 Β· falling, βˆ’12% a year
Price in channel
129% (0% = floor, 100% = ceiling)
Ceiling overhead
none β€” above both ceilings
Turns bearish below
US$479.17

What broke this trend

The fall
-47% from US$775.7226 June 2025 β†’ 5 Feb 2026
Whose problem it was
This company0 of 6 Internet Content & Information peers fell with it
Does it resolve?
Temporary falls like it have resolved on the record
Regained so far
35%of what it lost
What the record says
69% of 11 comparable falls came back, typically in 113 days measured on its own peer group

Fell -47% (26 June 2025 β†’ 5 Feb 2026); regained 35% so far; company-specific.

Reported at the time: Spotify's Daniel Ek Leads $690 Million Bet On Defense AI Startup Helsing, Valued At $13.8 Billion As Europe Ramps Up Military Spending β€” 23 June 2025

Price history, with the path projected 3 months forward

Updated 6:03 AM ET (78 h ago)

US$200.0US$400.0US$600.0US$800.0Nov 23Apr 24Sept 24Feb 25July 25Dec 25May 26Oct 26 today BuyTarget Our buy US$508.3 Β· est. 24 Nov 26Our target US$559.2 Β· est. 5 Nov 26
  • Daily close
  • Upper trend line (12 months)
  • Lower trend line (12 months)
  • The same lines over the last 12 months
  • Dashed after today: projected 3 months
  • Our buy
  • Our target

Suggested path

Buy at or below

US$508.34

level as at 24 Nov 2026

Our target

US$559.17

by 2 Nov 2026

Projected move

10.0%

gross, before costs

Price is at or past our target.

Target: SPOT's usual move size (10.0%), the best return per day on this path.

This move size: reached in 31% of 21 past stretches, typically in 21 days. (0.48% per day)

Upper line touches
3
Lower line touches
4
Fit confidence
61%
Fitted
1 Nov 2026

Company information

About Spotify Technology S.A.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.

Sector
Communication Services
Industry
Internet Content & Information
CEO
Alex NorstrΓΆm
Employees
7,000
Country
SE

https://open.spotify.com

Scorecard

Our own scores from the fundamentals below (not Morningstar ratings).

Valuation
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Profitability
β€”
Financial health
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Cash generation
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Key statistics

Market cap
US$100.20B
Enterprise value
β€”
Beta
1.59
Avg volume
1.86M
Revenue per share
β€”
Dividend yield
β€”
52-week range
405-721.67
Exchange
NYSE

Key ratios

P/E (TTM)
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PEG
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Price / sales
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Price / book
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EV / EBITDA
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Gross margin
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Operating margin
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Net margin
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Current ratio
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Quick ratio
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Debt / equity
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Interest cover
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Income statement

Balance sheet

Cash flow

Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.