Home / Stocks / SPOT

Spotify Technology S.A. (SPOT, Movies & Entertainment) Stock Valuation & Fair Value Fairly valued

Spotify Technology S.A. (SPOT, Movies & Entertainment) trades at a blended P/E of 37.6, about 39% below its historical normal valuation, with a forward growth estimate of 25.1% and a PEG of 1.50. Priced at its historical normal P/E of 62.0 on the same blended earnings, the 2026-09-18 close of $509.45 corresponds to about $841 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
37.6
Normal P/E
62.0
PEG
1.50
Fwd growth
25.1%
Div yield
0.0%
RSI (14)
44.3
Neutral
Technical context
  • Price $510.40 at the 2026-09-23 close, 5.1% below the 20-day average ($537.68) and 0.7% below the 50-day ($514.17).
  • RSI (14) at 44.3.
  • 52-week range $412.75 to $728.47: the price is 29.9% below the high and 23.7% above the low.
  • At its last earnings report the options market priced an 8.7% move.

The Street vs SeerForecast

Wall Street's mean price target for SPOT is $606.31 across 38 analysts, 18.8% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: fairly valued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been fairly valued since 2026-07-31.

Blended P/E and rating by weekBlended P/E moved from 38.9 to 37.6 between 2026-07-31 and 2026-09-21, against a normal P/E of 62.0, with 0 rating changes over 18 recorded weeks.2026-07-31: P/E 38.9, Fairly valued (recalculated)2026-08-03: P/E 37.2, Fairly valued2026-08-07: P/E 37.2, Fairly valued (recalculated)2026-08-10: P/E 36.6, Fairly valued2026-08-14: P/E 36.6, Fairly valued (recalculated)2026-08-17: P/E 38.4, Fairly valued2026-08-21: P/E 38.4, Fairly valued (recalculated)2026-08-24: P/E 39.9, Fairly valued2026-08-27: P/E 39.9, Fairly valued (recalculated)2026-08-28: P/E 39.9, Fairly valued (recalculated)2026-08-30: P/E 39.9, Fairly valued (recalculated)2026-08-31: P/E 40.7, Fairly valued2026-09-05: P/E 40.7, Fairly valued (recalculated)2026-09-07: P/E 40.2, Fairly valued2026-09-12: P/E 40.2, Fairly valued (recalculated)2026-09-14: P/E 38.9, Fairly valued2026-09-19: P/E 38.9, Fairly valued (recalculated)2026-09-21: P/E 37.6, Fairly valued40.050.060.0Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 62.0
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 38.9-37%Fairly valued
2026-08-10P/E 36.6-41%Fairly valued
2026-08-31P/E 40.7-34%Fairly valued
2026-09-21P/E 37.6-39%Fairly valued ← now

Earnings moves: SPOT moved more than the options market implied in 0 of 1 recent tracked reports.

Frequently asked questions

Is Spotify Technology S.A. stock overvalued?

At a blended P/E of 37.6 versus its historical normal P/E of 62.0, Spotify Technology S.A. trades about 39% below its typical valuation, with a PEG of 1.50 on 25.1% forward growth. tickerseer currently rates it fairly valued.

What is Spotify Technology S.A.'s fair value and PEG?

Spotify Technology S.A. trades at a blended P/E of 37.6 against a historical normal P/E of 62.0, a PEG of 1.50, and a forward growth estimate of 25.1%. Priced at its historical normal P/E of 62.0 on the same blended earnings, the 2026-09-18 close of $509.45 corresponds to about $841 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Spotify Technology S.A. changed?

tickerseer's rating has been fairly valued since 2026-07-31.

What is the analyst price target for Spotify Technology S.A.?

The mean Wall Street price target for Spotify Technology S.A. is $606.31 across 38 analysts, 18.8% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Movies & Entertainment. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

See the full analysis →🔔 Track SPOT free: valuation & earnings alerts

Get the free weekly earnings preview

One email each Monday with the week's named earnings setups, the reasoning, and what settled last week. Strikes and sizing stay in Premium.

It's free, and you can unsubscribe any time. We also send a short product update once a month. Educational content, not investment advice.