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.
Last week, a few analysts upgraded it. It has pricing power, because it's had no price increases, except one last year from $10 to $11 monthly vs. Netflix by 41% since 2018 and other apps. Also, Spotify earns outside of music including audiobooks and podcasting.