Stock price when the opinion was issued
Spotify recently tested its 50-day moving average, then rebounded. A momentum indicator--MACD--just made a bullish crossover. It has started building a base and is going higher. The Chaikin Money Flow (CMF) remains positive. It just broke a ceiling of resistance on healthy volumes. Lang says this could hit $700.
Profitable. They have the product and content, so their recent price increases will succeed. Their customers are hooked, faithful. Good cash flow and good subscription revenue.