Spotify’s Earnings Ahead: Can the Stock Maintain Its Momentum? SPOT is set to announce its fourth-quarter earnings on Tuesday, with Wall Street predicting earnings per share (EPS) of $2.06 and revenues of $4.15 billion.

Over the past year, the stock has notably increased by 145.71%, with a year-to-date rise of 19.83%.

This article reviews the current market position of Spotify stock in relation to Wall Street forecasts.

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Positive Trend for SPOT Stock Before Earnings

Spotify’s stock demonstrates a strong bullish trend, trading at $548.55 and remaining above key exponential moving averages (EMAs) for five, 20, and 50-day periods. Nevertheless, the presence of selling pressure introduces a risk of a potential downward shift.

Chart created using Benzinga Pro

The stock currently stands above its eight-day simple moving average (SMA) of $523.47, its 20-day SMA of $493.03, and its 50-day SMA of $480.44. This positioning confirms positive momentum in both the short and medium term. Additionally, the stock is well above its long-term 200-day SMA of $371.38, indicating a solid upward trend.

Momentum indicators reveal a mix of strength and caution. The Moving Average Convergence Divergence (MACD) is at 20.53, signaling continued bullish movement, while the Relative Strength Index (RSI) is at 76.7, indicating that the stock may be overbought and susceptible to a pullback.

Investors should consider watching for signs of consolidation or a market correction, which could signal a good time to enter new positions as profit-taking pressures near.

Analysts Cautious Despite Strong Performance

Current Ratings & Price Targets: The overall consensus rating on Spotify stock remains a Buy, with a price target of $438.39. Recent ratings from Keybanc, Macquarie, and Cantor Fitzgerald suggest a modest upside of 3.28%, with a target set at $560.

Recent Price Movement: Spotify’s stock was up 0.7% to $552.45 on the latest Monday trading session.

Next Steps: Stay tuned for the earnings report, as it could significantly influence the stock’s direction moving forward.

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