Spotify Technology S.A. (SPOT) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Spotify Technology S.A. (SPOT) stock forecast summary
On Oct. 16, 2026, SPOT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Spotify Technology S.A. is a large-cap company with a market capitalization of $109.19B. It ranks number 1 by market capitalization among the 9 Radio Broadcasting Stations issuers in our coverage with a current forecast.
For SPOT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 32.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 13.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How SPOT ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Spotify Technology S.A. (SPOT) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Radio Broadcasting Stations peers listed below that report each metric. Statement values were filed in EUR and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | SPOT | Rank |
|---|---|---|
| Market Cap | $109.19B | 1/9 |
| P/E Ratio | 45.23x | – |
| EPS | $11.73 | – |
| Revenue/Share | $318.36 | – |
| FCF/Share | $32.21 | – |
Profitability & Margins
| Metric | SPOT | Rank |
|---|---|---|
| ROE | 28.7% | 2/6 |
| ROA | 15.9% | 2/8 |
| ROIC | 27.5% | 1/8 |
| Gross Margin | 28.6% | – |
| Operating Margin | 4.2% | 4/10 |
| Net Margin | 4.1% | 4/9 |
| EBT Margin | 4.7% | 4/10 |
| Tax Rate | 11.2% | – |
Financial Health
| Metric | SPOT | Rank |
|---|---|---|
| Current Ratio | 1.72x | 4/9 |
| D/E Ratio | 0.80x | 5/7 |
| Financial Leverage | 1.80x | 5/7 |
| Working Capital | $5.18B | 1/8 |
Cash Flow
| Metric | SPOT | Rank |
|---|---|---|
| Operating Cash Flow | $6.75B | 1/9 |
| Free Cash Flow | $6.63B | 1/6 |
| Capital Spending | -$124M | 5/6 |
| OCF Growth YoY | 287.8% | 1/6 |
| FCF Growth YoY | 0.0% | – |
| FCF/Sales | 10.1% | 2/6 |
| CapEx/Sales | 0.2% | 6/6 |
Operational Efficiency
| Metric | SPOT | Rank |
|---|---|---|
| Asset Turnover | 3.85x | 1/5 |
| Receivables Turnover | 72.1x | 1/6 |
| Fixed Assets Turnover | 307.6x | 1/6 |
| Days Sales Outstanding | 5 days | 6/6 |
| Payables Period | 11 days | – |
Income Statement
| Metric | SPOT | Rank |
|---|---|---|
| Total Revenue | $65.53B | 1/6 |
| Operating Income | $2.79B | 1/9 |
| Net Income | $2.71B | 1/8 |
| R&D Expense | $6.79B | – |
| Cost of Goods Sold | $46.78B | – |
Dividend & Shareholder Information
| Metric | SPOT | Rank |
|---|---|---|
| Shares Outstanding | 206M | – |
Balance Sheet Highlights (USD millions, converted from EUR)
| Total Current Assets | $12.33B | 69.9% of assets |
| Cash & Short-term Investments | $6.18B | 35.0% of assets |
| Accounts Receivable | $942M | 5.3% of assets |
| Total Liabilities | $7.85B | 44.5% of assets |
| Short-term Debt | $5.75B | 32.6% of assets |
SPOT quarterly financials and insider trading
Spotify Technology S.A. (SPOT) industry peers
Companies classified under the same SEC industry code as Spotify Technology S.A. (Radio Broadcasting Stations): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| SPOT Spotify Technology S.A. | ▶ | $109.19B |
| TME Tencent Music Entertainment Group | ▼ | $13.48B |
| SIRI Sirius Xm Holdings Inc. | ▼ | $9.09B |
| IHRT Iheartmedia, Inc. | ▲ | $304M |
| MDIA Mediaco Holding Inc. | ▲ | $91M |
| TSQ Townsquare Media, Inc. | ▲ | $71M |
| SGA Saga Communications Inc | ▶ | $52M |
| UONE Urban One, Inc. | ▶ | $19M |
| BBGI Beasley Broadcast Group Inc | ▲ | $15M |
| KUBR Kuber Resources Corp | ▼ | N/A |
| TMGI Transglobal Management Group, Inc. | ▼ | N/A |
Where SPOT sits on the market map
Spotify Technology S.A. (SPOT) stock news
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Spotify Technology S.A. (SPOT) stock forecast FAQ
What is the Spotify Technology S.A. (SPOT) stock forecast?
On Oct. 16, 2026, SPOT is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Spotify Technology S.A. stock predictions?
For SPOT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 32.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 13.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Spotify Technology S.A. forecasts updated?
Spotify Technology S.A. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Spotify Technology S.A.'s industry peers?
11 issuers in our coverage, SPOT included, share the SEC industry code Radio Broadcasting Stations. The largest are: Tencent Music Entertainment Group (TME), Sirius Xm Holdings Inc. (SIRI), Iheartmedia, Inc. (IHRT), Mediaco Holding Inc. (MDIA), Townsquare Media, Inc. (TSQ), Saga Communications Inc (SGA).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.