Stock Price Prediction

Based on the recent data and news, here's the analysis for SPOT's price prediction for next week:

Technical Analysis

The technical indicators show SPOT is in a strong uptrend with RSI at 67.72, indicating momentum while not yet overbought. The stock is trading above both its 20-day (472.68) and 60-day (457.72) moving averages, confirming the bullish trend. The MACD at 10.23 suggests positive momentum.

Key Price Levels

• Resistance levels: R1: $505.66, R2: $519.96, R3: $543.10
• Support levels: S1: $459.38, S2: $445.08, S3: $421.94
• Pivot point: $482.52

Fundamental Catalysts

• New multi-year agreement with Universal Music Group announced on January 26, 2025, establishing direct licensing and new subscription tiers
• Q4 earnings report scheduled for February 4, 2025, with analysts expecting EPS of $1.91 and revenue of $4.36 billion
• Goldman Sachs recently raised price target to $550, citing creator economy expansion

Price Prediction for Next Week Based on technical and fundamental analysis:

• Bullish scenario (60% probability): $515-525 range
• Base scenario (30% probability): $490-510 range
• Bearish scenario (10% probability): $460-480 range

The stock is likely to test R1 ($505.66) early in the week following the positive UMG deal news. Strong Q4 expectations and analyst optimism support further upside. Primary resistance at $519.96 (R2) could be tested if volume confirms the move.

The most probable scenario is bullish continuation toward $515-525, supported by:

1. Positive momentum from UMG partnership
2. Pre-earnings optimism
3. Strong technical setup with price above key moving averages
4. Recent Goldman Sachs upgrade

Key risk: Potential profit-taking after recent strong gains and high valuation with forward P/E of 51.86x.