StoneX cuts Spotify rating: October 22 results test Spotify stock
Published on 10/18/2026 at 12:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSThe next earnings test
- StoneX downgraded Spotify from Strong Buy to Hold on October 15, 2026, while the consensus target stood at USD 610.25.
- Spotify reported USD 5.45 billion in revenue for the second quarter of 2026, up 13.9 percent year over year.
- Spotify is scheduled to release third-quarter 2026 results on October 22, 2026.
Spotify Technology (ISIN LU1778762911) was downgraded from Strong Buy to Hold by StoneX in a report dated October 15, 2026, according to MarketBeat. The company is scheduled to publish its third-quarter results on October 22, 2026, before the market opens, according to Financial Times.
Three recent analyst signals
On October 5, 2026, UBS lowered its Spotify target from USD 690.00 to USD 675.00 while maintaining a Buy rating, according to MarketBeat. On October 12, 2026, Cantor Fitzgerald cut its target from USD 530.00 to USD 490.00 and kept a Neutral rating, according to Aktiencheck.
On October 15, 2026, StoneX cut its rating from Strong Buy to Hold. MarketBeat also cited a consensus rating of Moderate Buy and an average target of USD 610.25, leaving the analyst picture positive but less uniform ahead of the results.
What will results need to show?
Spotify's second-quarter 2026 revenue reached USD 5.45 billion, an increase of 13.9 percent from the same quarter a year earlier. Earnings per share came to USD 3.03 against a USD 3.16 consensus estimate, while revenue was below the USD 5.47 billion estimate, according to MarketBeat. Premium subscribers reached 300 million in the quarter, giving the October report a clear operating benchmark.
Dates investors have ahead
Spotify is scheduled to release third-quarter 2026 results on October 22, 2026, before the market opens, followed by a question-and-answer session at 8:00 a.m. ET, according to Business Wire.
Valuation stays tied to execution
Spotify's NYSE market capitalization was USD 109.1 billion as of October 16, 2026, while its 52-week range was USD 405.00 to USD 696.95. That valuation puts subscriber additions, advertising monetization and payments to record labels at the center of the next earnings discussion.
The last Xetra close was EUR 471.50 on October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Spotify stock.
Spotify stock facts
- Company: Spotify Technology S.A.
- ISIN: LU1778762911
- WKN: A2JEGN
- Ticker: SPOT
- Primary exchange: NYSE
- Last Xetra close (as of October 16, 2026): EUR 471.50
- Market capitalization: USD 109.1 billion (as of October 16, 2026)
- 52-week range: USD 405.00-696.95 (as of October 16, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
