Spotify Stock Rallies 145% In A Year: Will Q4 Earnings Keep The Music Playing?

Core Insights - Spotify Technology SA is set to report its fourth-quarter earnings, with Wall Street expecting an EPS of $2.06 and revenues of $4.15 billion [1] - The stock has experienced a significant increase of 145.71% over the past year and 19.83% year-to-date [1] Stock Performance - SPOT stock is currently in a strongly bullish trend, trading at $548.55, above key exponential moving averages (EMAs) for five-day, 20-day, and 50-day periods [2] - The stock remains above its eight-day simple moving average (SMA) of $523.47, 20-day SMA of $493.03, and 50-day SMA of $480.44, indicating short- and medium-term bullish momentum [2] - Long-term strength is confirmed as SPOT stock is well above its 200-day SMA of $371.38, indicating an extended uptrend [2] Technical Indicators - Momentum indicators show both strength and caution, with the Moving Average Convergence Divergence (MACD) at 20.53 supporting continued bullish momentum [3] - The Relative Strength Index (RSI) at 76.7 suggests that SPOT stock is overbought, indicating a potential pullback [3] - Investors are advised to watch for consolidation or correction before considering new positions, as profit-taking could occur at current levels [3] Analyst Ratings - The consensus analyst rating for Spotify stock is currently a Buy, with a price target of $438.39 [4] - Recent analyst ratings from Keybanc, Macquarie, and Cantor Fitzgerald imply a 3.28% upside for Spotify stock, with a price target of $560 [4] - As of the latest check, Spotify stock was up 0.7% at $552.45 [4]