Spotify stock has slipped substantially from its record high. But shares remain up almost 100% from mid-March 2024 and about 11% from 2025’s start.
Against the backdrop of broader market declines, Spotify stock (NYSE: SPOT) is down almost 19% from mid-February. Nevertheless, shares are still holding steady at more than $500 apiece.
At the time of this writing, SPOT was worth a little over $508, reflecting a close to 4% boost on the day but the mentioned 18.5% falloff from February 11th. Additionally, the current Spotify stock price is down substantially from the company’s 52-week (and record) high of $653 per share.
Admittedly, the slide looks to be minor in the grand scheme of things. Amid a continued focus on profitability and higher-priced offerings, Spotify was experiencing perhaps too rapid a stock-price jump last year and into 2025.
To be sure, execs and insiders capitalized by selling a huge number of shares, including when SPOT was worth less than it is now. Even at present, Spotify stock remains up 11% from 2025’s beginning and just shy of 100% from the same point in 2024.
In other words, SPOT and the wider market may be due for a larger correction yet – though that multifaceted subject is best left for another time.
Closer to the present, the dip is fueling discussions about SPOT’s near-term outlook. In the not-so-distant past, analysts were putting out decidedly aggressive Spotify stock forecasts.
JPMorgan hiked its target price to an astonishing $730 last month, to name one example. Stated differently, many investors are closely monitoring Spotify stock, which, at least according to the newly issued target from Redburn Atlantic analyst Ed Vyvyan, is destined to hit $545 a pop.
While it’s unclear exactly how Spotify stock will fare – much of this is, of course, tied to the above-highlighted market trends – evidence strongly suggests that investors are still on the lookout for consistent profitability.
The days of rapid-fire acquisitions and no-holds-barred spending appear to be in the rearview for Spotify, which will presumably have to continue posting subscriber gains as well in order to keep Wall Street happy.
Wrapping with a recap of Spotify insiders’ recent stock sales, former general counsel Eve Konstan cashed in on 777 restricted shares, generating $481,740, on March 3rd.
Apparently not content with his 2024 stock-sales windfall, CEO Daniel Ek parted with 50,000 shares, raking in $29.21 million, on the 5th. And yesterday, HR head Katarina Berg, having moved $22.35 million worth of shares in November 2024 and roughly $12 million worth of shares in February 2025, sold 2,166 shares for $1.08 million, regulatory disclosures show.
Content shared from www.digitalmusicnews.com.