Key PointsShares of Spotify have been trading red-hot in recent weeks. They still have a long way to go to undo 2022’s drop completely, but the momentum is all upward for now. Analyst comments are almost all bullish, and expectations are high for further gains in the near term. 5 stocks we like better than Spotify TechnologyDespite suffering an 80% drop that only bottomed out a year ago, shares of Spotify Technology S.A. NYSE: SPOT have been undergoing something of a resurgence in the twelve months since. L ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Spotify (NYSE:SPOT) stock is up on Tuesday after the streaming company’s shares got an upgrade from UBS analyst Batya Levi.That upgrade has the UBS analysts boosting SPOT stock up from a “neutral” rating to a “buy” rating. For the record, the analysts’ consensus rating for SPOT shares is moderate buy based on 22 opinions.That upgrade also saw Levi increase the firm’s price target for SPOT stock from $170 per share to $274 per share. This represents a potential upside of 25.3% over yesterday’s closing price. ...

UBS upgraded shares of music streaming platform Spotify Technology SA (NYSE:SPOT) to "buy" from "neutral" and hiked its price target from $170 to $274 -- a more than 25% premium to last night's close of $218.61.According to the brokerage's bull note, "[E]fficiency initiatives remain the focus and have increased conviction on sustainable margin expansion and stronger bottom line trends in the coming year." In response to the upgrade, Spotify stock is trading 1.6% higher before the bell, looking to open above ...

Spotify will launch in-app shopping on iPhones in the European Union (EU) on March 7. This new offering is enabled by the rollout of the EU’s Digital Markets Act (DMA), which prohibits the restrictions and 30% fees that Apple currently places on apps offering through its App Store, Spotify said in a Wednesday (Jan. 24) blog post. “For years, even in our own app, Apple had these rules where we couldn’t tell you about offers, how much something costs, or even where or how to buy it. We know, pretty nuts,” Spo ...

Spotify (NYSE:SPOT) stock is getting a boost on Wednesday as it prepares to add in-app purchases to its list of services for customers.This comes as the European Union (EU) prepares to put into effect its Digital Markets Act (DMA) law in March. This saw its designed to allow for more competition among big tech companies.In the case of Spotify, it opens the floodgates for in-app purchases. That includes the ability to buy audiobooks through the streaming service.This is a major win for SPOT stock investors a ...

It’s good to have friends. They come to your birthday party, offer a shoulder to cry on when things are hard and spend precious corporate resources developing apps for your nascent virtual reality platform despite little direct return. It can be tempting to believe that a pile of cash worth $30bn, and a single product line that brings in more than $200bn a year, is an acceptable substitute. But Apple is learning that money can’t buy you everything.Last week, pre-orders opened for the company’s Vision Pro he ...

Spotify is the most dominant force in streaming music.But streaming music is a really, really hard business to make money in.That's why Spotify has spent so much time and money trying to do things beyond streaming music. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you ac ...

Martin Wahlborg/iStock Unreleased via Getty Images Introduction I am a big fan of Spotify (NYSE:SPOT) as a streaming service, and was surprised to find out that the stock currently trades almost two times lower than its all-time high. At the same time, Spotify demonstrates strong growth momentum in its critical success metric, the monthly active users amount ("MAU"). It drives revenue growth, and from the cost side of the equation the management also recently took a bold move to restructure, which will ...

The benchmark S&P 500 stock market index is approaching an all-time high. Around 12 months ago, it was almost inconceivable we would be in this position today, given the index was wrapping up 2022 with an 18% loss.But history is proof the S&P 500 always reaches new heights given enough time, which is why investing for the long term is so important. In fact, staying invested in the stock market for a period of 10 years gives you a 94% chance of making a profit.With that in mind, let's consider music streamin ...