Spotify stock dips amid market volatility ahead of Q3 earnings with mixed revenue and EPS forecasts.

Spotify's stock has recently declined, falling 6.85% over the past month and dropping below its 200-day moving average, signaling market volatility. Despite this, analyst firm Evercore ISI maintains an "Outperform" rating and raised the price target to $700, indicating confidence in Spotify's long-term prospects. Investors are awaiting Spotify's Q3 earnings report expected on October 22, 2026, with forecasts of a 15.31% revenue increase to $5.76 billion but a 15.4% drop in earnings per share to $3.24. This mixed outlook highlights both growth potential and challenges ahead for the streaming giant.

Spotify (SPOT) trades at USD 491.52 on Pluang as of Sep 29, 2026 21:46 WIB, down 1.20% in the last day. Despite the recent 6.85% decline over the past month mentioned in the article, the stock remains well above its 52-week low of USD 412.75 but below its 52-week high of USD 728.47. Pluang data shows a strong sell sentiment with 95% of order activity on the platform being sell orders, reflecting cautious investor behavior ahead of Spotify's Q3 earnings report due October 22, 2026.