Wall Street Analysts Think Spotify (SPOT) Is a Good Investment: Is It?

Spotify currently has an average brokerage recommendation (ABR) of 1.65, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.65 approximates between Strong Buy and Buy. The ABR suggests buying Spotify, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors t ...