The average Spotify stock price prediction forecasts a. With a $27.74 difference between SPOT’s closing value on Tuesday and its price at the time of this piece’s writing, the stock (consisting of 189.59 million outstanding shares) has lost over $5.25 billion in total value. On average, Wall Street analysts predict that Spotifys share price could reach 169.55 by Oct 12, 2023. (This point could be significant in the broader context of Spotify’s relative stock-price decline.) But yesterday, after the Stockholm-based platform made its much-anticipated fourth-quarter earnings report publicly available, SPOT ended the day at $317.21.įollowing a slight rally (to some $321 per share) this morning, Spotify stock dipped as low as roughly $315 per share, before rebounding into the $319-per-share range and then returning to $317 or so. Spotify stock finished at $345.43 per share on Tuesday, February 2nd, and the price represented a nearly $200-per-share year-over-year gain for SPOT, which had been trading for approximately $154 per share in early February of 2020. Now, some are discussing what exactly brought about the multibillion-dollar decline. Spotify stock (SPOT) has fallen by about $30 per share, for total losses of over $5.2 billion, since the music streaming service released its Q4 2020 earnings report yesterday.
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