Spotify Stock Has 25% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Yahoo! Finance
It didn't last. On Wednesday, shares of the streaming music company slid by more than 7%, giving back more than half the gains they had gotten out of that upbeat earnings report. However, there's good news, too. According to Canaccord Genuity analyst Maria Ripps, Spotify stock is likely to make back its losses and surge higher again, hitting $370 a share within a year, an almost 25% upside from current levels. Is Spotify stock a buy? Spotify reported strong numbers this week: Total subscribers rose by 19% and paying subscribers rose by 14%. And ad revenue from the freeloaders was up by 18% to boot. Overall, revenues were up 20%, and there's probably more good news to come. Consider that Spotify just raised prices in five of its markets, and plans to do so in the U.S. soon. Higher prices might slow down its growth in paying subscribers, but for users who find its streaming service an essential, and who are basically a captive audience, it's just going to mean more money for Sp
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News
- An Intrinsic Calculation For Spotify Technology S.A. (NYSE:SPOT) Suggests It's 21% Undervalued [Yahoo! Finance]Yahoo! Finance
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- Peloton CEO McCarthy stepping down; firm cutting 15% of jobs [BNN Bloomberg (Canada)]BNN Bloomberg
- Audible to test using Prime Video data for audiobook recommendations as Spotify competition heats up [TechCrunch]TechCrunch
- Spotify Technology (SPOT) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- SPOT's page on the SEC website