Earnings Estimates Moving Higher for Spotify (SPOT): Time to Buy?
Spotify(SPOT) Zacks Investment Research·2024-04-29 17:20
Spotify (SPOT) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this music-streaming service operator is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ear ...