SpotifySPOT
About: Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Employees: 7,691
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
169% more first-time investments, than exits
New positions opened: 242 | Existing positions closed: 90
29% more capital invested
Capital invested by funds: $46.4B [Q3] → $59.7B (+$13.3B) [Q4]
21% more repeat investments, than reductions
Existing positions increased: 363 | Existing positions reduced: 300
15% more funds holding
Funds holding: 902 [Q3] → 1,039 (+137) [Q4]
3.62% more ownership
Funds ownership: 63.66% [Q3] → 67.27% (+3.62%) [Q4]
13% less funds holding in top 10
Funds holding in top 10: 61 [Q3] → 53 (-8) [Q4]
20% less call options, than puts
Call options by funds: $3.14B | Put options by funds: $3.89B
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Barclays Kannan Venkateshwar 59% 1-year accuracy 13 / 22 met price target | 6%upside $650 | Overweight Maintained | 30 Apr 2025 |
Macquarie Ross Compton 50% 1-year accuracy 2 / 4 met price target | 8%upside $665 | Outperform Maintained | 30 Apr 2025 |
JP Morgan Doug Anmuth 69% 1-year accuracy 36 / 52 met price target | 9%upside $670 | Overweight Maintained | 30 Apr 2025 |
Evercore ISI Group Mark Mahaney 64% 1-year accuracy 27 / 42 met price target | 6%upside $650 | Outperform Maintained | 30 Apr 2025 |
Rosenblatt Barton Crockett 35% 1-year accuracy 22 / 63 met price target | 7%upside $657 | Neutral Maintained | 30 Apr 2025 |
Financial journalist opinion
Based on 89 articles about SPOT published over the past 30 days
