Spotify Technology SA (NYSE: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.

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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