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63 / 100
AltIndex AI Score
Buy
AI Score · 12-mo trend
+15 pts over 3 months38% of SPOT’s tracked signals bullish
FundamentalsNeutral
TechnicalsBullish
Alternative dataNeutral
SentimentBullish
Price$529.14
Year Range$412.75 – $565.19
Market Cap$109B
PE Ratio30.41
IndustryApplication Software

What Is Spotify’s AI Stock Analysis?

Spotify’s AI stock analysis on AltIndex combines the company’s fundamentals, price technicals and 25+ alternative data signals — like hiring, web traffic, app downloads and online sentiment — into a single AI Score from 0 to 100 and a plain-English Buy, Hold or Sell read. Unlike a traditional analyst rating that updates a few times a year, the AI Score refreshes as new data arrives, so it tracks Spotify’s momentum in near-real time.

Spotify (SPOT) has an AltIndex AI Score of 63/100, currently a Buy signal. The AI Score distills Spotify's fundamentals, price technicals and 25+ alternative data signals into a single 0–100 rating, so a rising score reflects strengthening data across the board and a falling score the opposite.

Spotify’s Full AI Analysis

Spotify is one of the world's leading music streaming services, offering a vast library of songs, podcasts, and other audio content. With its freemium model, Spotify attracts both free users and premium subscribers. The company aims to provide a unique user experience through personalized playlists and advanced algorithms. However, as it continues to expand, Spotify faces stiff competition from other streaming giants like Apple Music and Amazon Music.

Fundamental Analysis

The revenue for the last quarter was $5.46 billion, marking a significant increase of 20.46% compared to the previous quarter. This showcases positive growth. When compared to the same quarter last year, revenue increased by 30.23%. This indicates strong year-over-year growth, which is a positive sign for investors.

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What’s Driving SPOT’s AI Score?

Fundamentals

Revenue for the last quarter was $5.46B. This is an increase of 20.46% compared to the quarter before it, which is a positive sign of growth. Compared to the same quarter last year, there is an increase of 30.23%, suggesting positive year-over-year growth. Net income for the last quarter was $623M. This represents a decrease of 13.60% compared to the quarter before it, indicating a need for concern. Compared to the same quarter last year, there is an increase of -824.39%, suggesting positive year-over-year growth. Ebitda for the last quarter was $865M. This represents a decrease of 10.79% compared to the quarter before it, indicating a need for concern. Compared to the same quarter last year, there is an increase of 955.25%, suggesting positive year-over-year growth. The current P/E ratio is 30.41. This may be considered high, potentially indicating overvaluation and a bearish outlook. In the last couple of months, there's been a couple of company insiders selling their stock, a potentially bearish signal.

See Spotify’s earnings and insider transactions.

Technicals

Today's stock price is $529.14. This is an increase of 0.64% compared to a month ago, indicating a positive short-term trend. However, compared to a year ago, there is a decrease of 23.54%, which could be a cause for long-term concern. The trend is bullish. The current SMA10 is $497.89, which is higher than the previous SMA10 of $493.71. This indicates a potential upward trend in price movement. The RSI is 34.1, indicating a neutral condition.

See the full technical analysis and price prediction.

Alternative data

Spotify has an estimated 124 open positions. This number is down by -16% in the last couple of months, indicating a company trying to improve its margins or cut costs. Not a great sign for a growing company. The business outlook among employees at Spotify is neutral. Spotify has an estimate of 755M visitors to their webpage. The number of visitors is up by 6% in the last couple of months, a bullish trend as this can indicate can increase in customers. Spotify has an estimate of 800,000 users downloading their mobile apps every day. The number of downloads is up by 100% in the last couple of months, a bullish trend as this can indicate can increase in customers.

Explore Spotify’s job postings, web traffic and app downloads.

Sentiment & social

The sentiment for the stock on various stock forums is neutral. Spotify has 15M followers on their Instagram page, with no meaningful increase or decrese in the last couple of months. Spotify has 22M followers on their Twitter page. The number of followers is up by 5% in the last couple of months, indicating an increased interest in the company.

Track Spotify’s market sentiment.

Frequently Asked Questions: Spotify AI Stock Analysis

Spotify's AltIndex AI Score is 63/100, currently a Buy signal. The AI Score blends fundamentals, technicals and 25+ alternative data signals into a single rating from 0 to 100.

AltIndex's AI Score model rates Spotify a Buy (63/100). This is a data-driven signal, not investment advice — review the breakdown above and combine it with your own research.

The AI Score is generated from fundamental data (earnings, valuation), technical indicators (price trend and momentum), and alternative data signals such as hiring, web traffic, app downloads and sentiment. AltIndex weighs these into a single 0-100 score; the exact weighting is proprietary.

AltIndex generates a complete written AI analysis of Spotify — company overview, fundamentals, technicals and alternative data, with a recommendation. See the SPOT AI Score or sign up to read the full thesis.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.