Can Spotify Q2 Earnings Tune Out Bearish Signals For A Bullish Upside?
Can Spotify Q2 Earnings Tune Out Bearish Signals For A Bullish Upside?
Spotify's stock is currently experiencing a strongly bearish trend, with the share price at $293.02 falling below its 5, 20, and 50-day exponential moving averages, which signal a bearish outlook. Spotify Technology SA (NYSE:SPOT) will be reporting its second-quarter earnings on Tuesday. Wall Street expects $1.18 in EPS and $4.1 billion in revenues as the company reports before market hours.
Spotify Technology SA（紐交所：SPOT）將於星期二發佈其第二季度盈利報告。華爾街預計每股收益爲1.18美元，收入爲4.1億美元，因爲該公司在市場開盤前發佈業績。
The stock is up 79% over the past year, 55% YTD.
股票在過去一年內上漲了79％，年內上漲了55％。
Let's look at what the charts indicate for Spotify stock, and how the stock currently maps against Wall Street estimates.
讓我們看看Spotify股票的走勢，並了解目前該股票如何符合華爾街的預期。
Spotify Stock's Strong Bearish Trend Ahead Of Q2 Earnings
在Q2業績公佈之前，Spotify股票面臨着強烈的看淡趨勢。
Spotify's stock is currently experiencing a strongly bearish trend, with the share price at $293.02 falling below its 5, 20, and 50-day exponential moving averages, which signal a bearish outlook.
當前，Spotify的股價爲293.02美元，低於其5天、20天和50天指數移動平均線，這表明看淡態勢。
Chart created using Benzinga Pro
使用Benzinga Pro創建的圖表
The 8-day simple moving average (SMA) at $297.11, the 20-day SMA at $307.63, and the 50-day SMA at $307.37 all reinforce the bearish sentiment. However, the 200-day SMA at $242.76 provides a bullish counterpoint.
8天簡單移動平均線（SMA）爲297.11美元，20天SMA爲307.63美元，50天SMA爲307.37美元，都強化了看淡情緒。然而，200天SMA爲242.76美元則提供了看好觀點。
The Moving Average Convergence Divergence (MACD) indicator, at -4.40, suggests a bearish stance, while the Relative Strength Index (RSI) at 36.89 indicates that the stock is nearing oversold conditions. Despite the overall bearish trend, the Bollinger Bands indicate potential bullishness, with the 25-day range between $291.05 and $326.71, suggesting buying opportunities.
移動平均線收斂/發散指標（MACD）爲-4.40，表明看淡態勢，而相對強弱指數（RSI）爲36.89，則表明該股票即將超賣。儘管總體趨勢看淡，但布林帶表明存在潛在看好性，25天區間爲291.05美元至326.71美元，提供了買入機會。
Spotify Analysts' Consensus Rating & Focus Areas
Spotify分析師的評級和焦點領域
Ratings & Consensus Estimates: The consensus analyst rating on Spotify stock stands at a Buy, with a price target of $311.87. Benchmark, Wolfe Research, and UBS recently issued their latest analyst ratings for Spotify stock in July. The average price target of $398.33 implies a 35.72% upside for the stock.
評級和一致預期：Spotify股票的一致分析師評級爲買入，目標價爲311.87美元。Benchmark、Wolfe Research和UBS最近發佈了其7月Spotify股票的最新分析師評級。398.33美元的平均目標價暗示該股票有35.72％的上漲潛力。
Benchmark analyst Mark Zgutowicz, has maintained a Buy rating on Spotify with a price target of $405. As Spotify reports its Q2 earnings, the focus will be on the impact of recent U.S. price increases across all plans (excluding student), with a particular interest in any related customer attrition and anticipated increases in average revenue per user (ARPU), says Zgutowicz.
Benchmark分析師Mark Zgutowicz繼續對Spotify股票給予買入評級和405美元的目標價。他認爲，在Spotify報告Q2業績後，重點將放在所有計劃（不包括學生計劃）的最近美國價格上漲的影響上，並特別關注與此相關的客戶流失和預期的平均用戶收入增長（ARPU）情況。
Zgutowicz will be looking for updates on audiobook engagement, following substantial growth in the previous quarter. He expects further commentary on how this could influence pricing tiers. Concerns about gross margins, particularly regarding ongoing litigation related to bundled subscriptions with audiobooks and its potential impact on royalty payments to songwriters and publishers, could also be a focal point.
Zgutowicz將關注有聲讀物參與度的最新信息，這是上一季度實現顯著增長之後的進一步評論，他期望進一步了解這可能如何影響定價層。與綁定套餐的有聲讀物相關的訴訟引起的總毛利潤問題，以及它可能對歌曲作者和出版商的版稅支付產生的影響也可能成爲焦點。
SPOT Price Action: Spotify stock was trading 0.49% lower at $293.84 at the time of publication Monday.
SPOt股票在週一發佈時交投於293.84美元，下跌了0.49%。
