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Meteoric Media Shift: From Mainstream to Independent
ZACKS· 2024-10-29 20:25
The Evolution of Media and Politics For decades, media and politics have been connected at the hips. Politicians leverage media to get their message out to the public, while media uses politicians to gain advertising dollars and viewership. Throughout U.S. history, the media has had a dramatic impact on politics and the country. In the early 1900s, Teddy Roosevelt had to ride a train throughout the country and tirelessly shout his message at large crowds. While political rallies of this nature occur today, ...
Is Spotify Stock Poised to Soar? Options Traders Think So
MarketBeat· 2024-10-20 11:01
Stock Options and Spotify's Market Activity - Investors can gain exposure to a stock's directional move through stock options, which offer leverage but require precise timing and direction due to expiration dates [1] - Spotify Technology's NYSE: SPOT options volume spiked recently, with net call option buyers purchasing $198,826 worth of contracts in the past month, indicating bullish sentiment ahead of earnings [2] Spotify's Business Model and Market Position - Spotify operates in the technology sector with a subscription-based model, offering predictable cash flows and low overhead costs, making it attractive in a weakening consumer discretionary market [3] - Unlike other discretionary items, entertainment subscriptions like Spotify are less likely to be canceled, providing demand predictability and cash flow stability [4] Wall Street's Outlook on Spotify Stock - Wall Street analysts expect Spotify stock to reach new highs, with Pivotal Research setting a price target of $510, implying a 33.7% upside from current levels [5] - Keycorp also set a bullish price target of $490, reinforcing the positive sentiment ahead of earnings [6] - Institutional buyers like Perpetual Ltd increased their Spotify holdings by 24.3%, bringing their total holdings to $279.8 million [6] Valuation Metrics and Market Trends - Spotify's P/E ratio of 149.7x significantly exceeds the business sector average of 42.6x, reflecting a premium valuation due to its inflation-beating growth and stability [7] - The stock's price-to-book (P/B) ratio of 26.5x is also much higher than the industry average of 4.8x, indicating market willingness to overpay for exposure [7] Analyst Ratings and MarketBeat Insights - Spotify currently holds a "Moderate Buy" rating among analysts, but it was not included in MarketBeat's list of top five stocks recommended by top-rated analysts [8][9]
Spotify (SPOT) to Report Q3 Results: Wall Street Expects Earnings Growth
ZACKS· 2024-10-15 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Spotify (SPOT) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...
Spotify is adding music video support in 85 additional markets
TechCrunch· 2024-10-15 10:49
Music streaming company Spotify said today that it is testing music videos for premium users in 85 additional markets. The company first ran a video experiment in limited markets in March. Spotify originally rolled out music videos in beta in 11 countries, including the U.K., Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, the Philippines, Indonesia, and Kenya. Earlier this year, Egypt was added to the list. The company didn't specify if these 85 new markets included the U.S. It's a large ...
Spotify (SPOT) Rises Higher Than Market: Key Facts
ZACKS· 2024-10-09 22:55
Group 1: Stock Performance - Spotify's stock closed at $373.98, reflecting a +0.97% change from the previous day, outperforming the S&P 500's gain of 0.71% [1] - Over the past month, Spotify's stock has increased by 13.27%, surpassing the Business Services sector's gain of 5.54% and the S&P 500's gain of 6.41% [1] Group 2: Upcoming Earnings - Spotify is expected to report an EPS of $1.79, indicating a significant increase of 397.22% from the same quarter last year [2] - Revenue is forecasted to reach $4.38 billion, representing a 19.83% increase compared to the year-ago quarter [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are projected at $6.24 per share, showing a change of +311.53% from the previous year [3] - Revenue for the fiscal year is estimated at $17.1 billion, reflecting a +19.36% change from the prior year [3] Group 4: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Spotify indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system currently rates Spotify at 4 (Sell), with the consensus EPS estimate moving 1.2% lower over the past month [5] Group 5: Valuation Metrics - Spotify's Forward P/E ratio stands at 59.39, which is a premium compared to the industry average Forward P/E of 24.25 [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 82, placing it in the top 33% of all industries [6]
Spotify: Turning The Table On The Labels
Seeking Alpha· 2024-10-03 22:05
I have been a Spotify Technology S.A. (NYSE: SPOT ) user for many years; the app (along with other streamers) has developed into something akin to microwave/cell phone/internet in that one wonders how one lived without it. Along the Experience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying ...
Spotify's Bright AI Future
The Motley Fool· 2024-10-03 13:00
Artificial intelligence could increase the value Spotify brings to users and help the bottom line. Spotify (SPOT -0.17%) has found some of the most compelling artificial intelligence (AI) use cases today. The company has an AI DJ and is now making AI playlists. But the real growth could come out of AI ads, all of which Travis Hoium covers in this video. *Stock prices used were end-of-day prices of Oct. 1, 2024. The video was published on Oct. 2, 2024. ...
AMERANT BANK EARNS SPOT ON NEWSWEEK'S 2024 LIST OF AMERICA'S MOST LOVED WORKPLACES FOR THE THIRD CONSECUTIVE YEAR
GlobeNewswire News Room· 2024-10-03 13:00
Miami, FL, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Newsweek recently announced their annual rankings of 2024 America's Top Most Loved Workplace®, and Amerant Bank is now ranked No. 41, up seven spots from the previous year. The 2024 Top 100 Most Loved Workplaces® are the result of a collaboration between Newsweek and the Best Practice Institute (BPI), a leadership development and benchmark research company. BPI's results were determined after surveying over 2.6 million employees from businesses with workforces va ...
Spotify: Who's There? TikTok - Buy
Seeking Alpha· 2024-10-03 00:54
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 ...
Spotify (SPOT) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-10-01 22:56
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 ...