Erste Group Bank Issues Positive Forecast for SPOT Earnings

Posted by Francis Steltz on Aug 11th, 2026

Spotify Technology (NYSE:SPOT – Free Report) – Equities researchers at Erste Group Bank upped their FY2026 earnings per share estimates for shares of Spotify Technology in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will earn $14.31 per share for the year, up from their prior estimate of $14.24. The consensus estimate for Spotify Technology’s current full-year earnings is $14.32 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.86 EPS.

SPOT has been the subject of several other research reports. Morgan Stanley lifted their target price on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Wells Fargo & Company lowered their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Benchmark dropped their price objective on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Cantor Fitzgerald boosted their price objective on Spotify Technology from $510.00 to $530.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $630.00.

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Spotify Technology Price Performance

NYSE SPOT opened at $511.07 on Tuesday. The stock has a market capitalization of $105.22 billion, a P/E ratio of 31.82, a PEG ratio of 1.19 and a beta of 1.58. The firm’s 50-day moving average is $483.06 and its two-hundred day moving average is $484.99. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $748.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPOT. Sivia Capital Partners LLC purchased a new stake in shares of Spotify Technology in the 2nd quarter valued at approximately $312,000. Jump Financial LLC lifted its position in shares of Spotify Technology by 5.2% during the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock worth $869,000 after purchasing an additional 56 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Spotify Technology during the second quarter worth $178,000. NewEdge Advisors LLC grew its stake in shares of Spotify Technology by 36.9% during the second quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock worth $9,707,000 after purchasing an additional 3,412 shares in the last quarter. Finally, Glenview Trust co purchased a new position in Spotify Technology in the second quarter valued at $298,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Insider Activity

In other news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the transaction, the director owned 4,039 shares in the company, valued at approximately $2,099,714.54. This trade represents a 39.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the sale, the director owned 6,383 shares in the company, valued at $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 116,878 shares of company stock worth $59,081,110 over the last three months. Company insiders own 0.40% of the company’s stock.

About Spotify Technology

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Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.