It's in line with the FANGs. Had a wonderful run and is considered the future of music consumption. If there's a weak market, though, this faces huge downside risk. Be cautious.
A newly public company. He sees no visibility to earnings or cash flow here. Streaming is a big opportunity though, and he likes Apple music, which he'd rather buy--Apple has positive earnings and stability. Spotify isn't stable, at least not yet.
This whole space is very interesting. The content providers besides the supper big stars are not making a ton of money on these platforms. Longer term he thinks a cooperative model is ripe.
Spotify Technology is a American stock, trading under the symbol SPOT-N on the New York Stock Exchange (SPOT). It is usually referred to as NYSE:SPOT or SPOT-N
In the last year, 1 stock analyst published opinions about SPOT-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Spotify Technology.
Spotify Technology was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Spotify Technology.
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1 stock analyst on Stockchase covered Spotify Technology In the last year. It is a trending stock that is worth watching.
On 2023-03-23, Spotify Technology (SPOT-N) stock closed at a price of $131.05.