I maintain my buy rating on Spotify (NYSE: SPOT ) after TikTok ( BDNCE ) announced it was shutting down TikTok Music last Tuesday. The stock outperforms the S&P500 and peer group on both the three and six-month charts, up 17% and I'm a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I've spent over two decades in the market navigating ...

The latest trading session saw Spotify (SPOT) ending at $375.40, denoting a +1.86% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.93% for the day. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq lost 1.53%. Shares of the music-streaming service operator witnessed a gain of 7.48% over the previous month, beating the performance of the Business Services sector with its gain of 1.6% and the S&P 500's gain of 2.17%. Market participants will be ...

Spotify (SPOT) closed the latest trading day at $383.96, indicating a +0.95% change from the previous session's end. This move outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.04%. The the stock of music-streaming service operator has risen by 12.05% in the past month, leading the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95%. The upcoming earnings release of Spotify will be of great ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

Key Takeaways Spotify shares rose Friday for a record tenth straight session. The stock also finished the day at its first record high since February 2021. KeyBanc analysts said this week that recent comments from Universal Music Group could mean their projections for Spotify's subscriber growth could be too conservative. Spotify (SPOT) shares rose for a tenth straight session on Friday, ending the day at their first record close since February 2021. The streaming music company's shares ended the day up 1.3 ...

Spotify stock is on fire, and new growth engines like advertising are becoming a bigger part of the company's growth. Spotify's (SPOT 0.20%) stock is on fire over the past two years, in large part because the company was able to increase prices and lower costs, driving vastly improved cash flows. But for the stock to continue its run, the company needs advertising and tickets/merchandise to play a role in the business. In this video, Travis Hoium covers the company's growth and where Spotify will go next. * ...

I'm head over heels about these two stocks. I love growth stocks -- identifying them, buying them, and holding them for the long term. If done right, this type of investment can deliver massive returns and help set someone up for life. So, let's take a look at two stocks I think are poised for years of solid gains. Spotify Technology Sometimes, the best stocks are right under your nose. Or, in the case of Spotify Technology (SPOT 0.84%), in your ear. You see, so far in 2024, Spotify stock is up more than 71 ...

Spotify Technology (SPOT) , a current Zacks Rank #1 (Strong Buy), provides a music streaming platform that includes commercial-free music and ad-supported services to subscribers. Analysts have taken their earnings expectations higher across the board. Image Source: Zacks Investment Research In addition to favorable earnings estimate revisions, the stock resides in the Zacks Technology Services industry, currently ranked in the top 25% of all Zacks industries. Let's take a closer look at how the company cur ...

Learn why this streaming giant's stock is heading higher. What a year it's been for the stock market so far. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Index are up 18%, 18%, and 10%, respectively. Yet, there are many stocks that are outperforming the benchmark indexes. Let's have a look at one such stock: Spotify Technology (SPOT 0.63%). Spotify stock has been on a tear When it comes to Spotify stock, one fact is undeniable: It has been a great name to own since the start of 2023. Indeed, afte ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: This March 20, 2018 file photo shows the Spotify app on an iPad in Baltimore. Credit: AP Photo/Patrick Semansky, File Every day, millions of people use Spotify to stream music. A few years ago, it would've felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens up, right at your fingertips. ...