I love Spotify Technology S.A. as a product, but the stock's valuation is too high given current fundamentals and upcoming earnings risks. Recent analyst downward revisions, slowing margin expansion, and high institutional ownership signal limited upside and increased downside risk. Spotify's Q2 guidance shows slower user growth, flat margins, and currency headwinds, making a “WOW” earnings beat essential to justify the price.
The latest trading day saw Spotify (SPOT) settling at $709.95, representing a -1.69% change from its previous close.
Recently, Zacks.com users have been paying close attention to Spotify (SPOT). This makes it worthwhile to examine what the stock has in store.
SPOT's AI-powered features, from DJ to dynamic playlists, are fueling user growth, ad gains and global audiobook reach.
In the most recent trading session, Spotify (SPOT) closed at $725.05, indicating a +2.19% shift from the previous trading day.
In the most recent trading session, Spotify (SPOT) closed at $722.35, indicating a -5.86% shift from the previous trading day.
Audio streaming giant Spotify Technology S.A. NYSE: SPOT is about to enter fourth month of massive rallies that have seen shares rise from around $500 in early April to nearly $750 in late June.
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Spotify (SPOT) concluded the recent trading session at $749.91, signifying a +2.57% move from its prior day's close.
SPOT's Q1 profit surges y/y on strong revenues, margin gains and cost cuts. It still trails AAPL and AMZN in key returns.
Spotify (SPOT) closed the most recent trading day at $710.19, moving 1.54% from the previous trading session.
SPOT's premium subscribers and MAUs rise, but lagging liquidity and lofty valuation raise red flags.