Spotify Technology SA SPOT will be reporting its third-quarter earnings on Tuesday. Wall Street expects $1.89 in EPS and $4.37 billion in revenues as the company reports after market hours.

The stock is up 139.78% over the past year, 117.39% YTD.

Let’s look at what the charts indicate for Spotify stock and how the stock currently maps against Wall Street estimates.

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Spotify Stock In Strongly Bullish Trend Ahead Of Q3 Earnings 

Spotify's stock is charging ahead on a strong bullish trend, trading well above key moving averages despite some mild selling pressure.

Chart created using Benzinga Pro

At $400.68, Spotify stock's price is well-positioned above its eight-day SMA of $389.46, while staying significantly higher than its 20-day SMA of $382.96 and its 50-day SMA of $366.56, reinforcing its upward momentum. The wide gap from its 200-day SMA of $310.92 underscores the long-term strength of Spotify stock's trend.

A positive MACD of 7.41 supports this momentum, though with an RSI of 65.82, the stock edges close to overbought territory, potentially hinting at a period of consolidation ahead.

Spotify Analysts See 10% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Spotify stock stands at a Buy currently with a price target of $356.56. The latest analyst ratings from Benchmark, Deutsche Bank and Wells Fargo give Spotify stock an average price target of $450, suggesting a potential 9.68% upside.

SPOT Price Action: Spotify stock was trading up 2% at $408.52 at the time of publication Monday.

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