Streaming Platform Spotify Has Upside Potential

The share price of Spotify Technology SA (SPOT, Financial) has experienced significant volatility since its initial public offering in 2018. Initially priced at $165.90 per share in April 2018, it soared to an all-time high of $334 by February 2021. However, it subsequently plummeted to an all-time low of $77.26 in November 2022, before rebounding to around $240 currently. In my opinion, Spotify is still cheap at this price and could provide decent upside for investors over the next several years. Consisten ...