SPOT
Spotify Technology SA
NYSE: SPOT · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
$419.50
+0.68% today
Updated 2026-06-05
Market cap
$99.11B
P/E ratio
32.46
P/S ratio
5.65x
EPS (TTM)
$14.85
Dividend yield
—
52W range
$405 – $785
Volume
2.2M
WallStSmart proprietary scores
64
out of 100
Grade: C+
Hold
Investment rating
8.0
Growth
A8.0
Quality
A8.5
Profitability
A3.3
Valuation
D4/9
Piotroski F-Score
Moderate
2.7
Altman Z-Score
Grey zone
—
Industry rank
—
View all highly rated stocks (75+) →199 stocks currently score above 75
Price targets
Analyst target
$589.00
+40.41%
12-Month target
$367.09
-12.49%
Intrinsic (DCF)
$295.16
Margin of safety
-65.05%
10 Strong Buy24 Buy7 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ ROE 33.77% — strong efficiency
+ Free cash flow $844.67M — positive
+ Debt/equity 0.06x — low leverage
Risks
- 65.05% above intrinsic value
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM | 2026 (E) |
|---|---|---|---|---|---|---|
| Revenue | $11.73B | $13.25B | $15.67B | $17.19B | $17.53B | $20.1B |
| Net income | $-430.00M | $-532.00M | $1.14B | $2.21B | $721.00M | — |
| EPS | — | — | — | — | $14.85 | $13.80 |
| Free cash flow | $21.00M | $674.00M | $2.28B | $2.87B | $844.67M | — |
| Profit margin | -3.67% | -4.02% | 7.26% | 12.87% | 15.40% | — |
Peer comparison
Smart narrative
Spotify Technology SA trades at $419.50. representing a P/E of 32.46x trailing earnings. Our Smart Value Score of 64/100 indicates the stock is good. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 2.66, it sits in the grey zone. TTM revenue stands at $17.53B. with profit margins at 15.40%. Our DCF model estimates intrinsic value at $295.16.
Frequently asked questions
What is Spotify Technology SA's stock price?
Spotify Technology SA (SPOT) trades at $419.50, on a P/E of 32.5x and a P/S of 5.7x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is Spotify Technology SA overvalued?
Spotify Technology SA carries a Smart Value Score of 64/100 (Grade C+), which we rate Hold. That score blends growth, quality, and valuation into one read. On valuation specifically, our conservative DCF puts intrinsic value at $295.16 against the $419.50 price, so on cash flow terms the market is paying a premium for Spotify Technology SA's growth. The Hold rating reflects that growth and quality, while the DCF flags that the price already assumes a lot.
What is the price target of Spotify Technology SA (SPOT)?
The 12-month analyst consensus target is $589.00, about 40.4% above the current $419.50. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is the future stock price of SPOT by 2030?
Our research-backed model puts the 2030 base case at $410.65, built from revenue projections, a growth-adjusted P/S multiple, net debt, and share dilution. It is a scenario rather than a prediction, and the bull and bear cases around it matter more than the single number when you are sizing a position.
What is the intrinsic value of Spotify Technology SA (SPOT)?
Our DCF model estimates intrinsic value at $295.16, a -65.0% margin of safety versus today's $419.50. Intrinsic value is what the projected cash flows are worth today. A negative reading means the price is running ahead of that conservative estimate, leaving little downside cushion if growth slows.
What is Spotify Technology SA's revenue?
Spotify Technology SA's trailing twelve-month revenue is $17.53B, and our model projects it reaching about $35.80B by 2030. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
Spotify Technology SA's Altman Z-Score is 2.66, which places it in the grey zone. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorCOMMUNICATION SERVICES
IndustryINTERNET CONTENT & INFORMATION
CountryUSA
ExchangeNYSE
CurrencyUSD
Quick metrics
P/S ratio5.65x
ROE33.77%
Beta1.55
50D MA$480.40
200D MA$560.53
Shares out0.21B
Float0.16B
Short ratio—
Avg volume2.2M
Performance
1 week+0.00%
1 month+13.73%
3 months-5.16%
YTD-14.42%
1 year—
3 years—
5 years—