Spotify(US:SPOT) Benzinga·2026-01-02 20:01Company Overview - Spotify Technology is the leading global music streaming service provider, boasting over 700 million monthly active users and 280 million paying subscribers, which form the premium segment of the firm's revenue [7] - The majority of Spotify's revenue and nearly all its gross profit are derived from subscribers who pay a monthly fee for access to a vast music library, including popular songs from major record labels [7] - In addition to music streaming, Spotify offers separate audiobook subscriptions and integrates podcasts within its standard music app, although podcast content is generally free on other platforms [7] Market Performance - Currently, Spotify's stock is trading at $582.85, with a volume of 1,028,358, reflecting a 0.37% increase [11] - The stock is approaching overbought territory according to RSI readings, indicating potential market dynamics to watch [11] - A professional analyst has set an average price target of $800 for Spotify Technology, reflecting a bullish outlook [9][12] Options Trading Insights - Recent options trading data indicates a bullish sentiment among investors, with 52% of trades being bullish and 29% bearish [1] - A total of 17 trades were detected, with 10 calls amounting to $744,491 and 7 puts totaling $351,053 [1] - The major market movers are focusing on a price band between $100.0 and $730.0 for Spotify Technology over the last three months [2]