The music streamer posted solid growth in monthly active users and revenue. But even with the economic headwinds, Spotify stock jumped following its Q2 earnings report in July. Spotify Technology - SPOT Stock Forecast, Price & News 86.30 -0.54 (-0.62) (As of 12:00 AM ET) Today's Range 86.00 89.42 50-Day Range 86.30 123.63 52-Week Range 85.92 305.60 Volume 1.86 million shs Average Volume 1.23 million shs Market Capitalization 16.58 billion P/E Ratio N/A Dividend Yield N/A Price Target 182. Spotify’s agile model has been very effective for Spotify however, using it blindly for your own company may not be the best approach, unless you are a Swedish streaming company, founded in 2006. Its ad-supported streaming plan is used by more than half of monthly active users. Stock analysis for Spotify Technology SA (SPOT:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. When the economy is weak, it hits certain sectors, including one that Spotify relies on - advertising. posted its second consecutive quarter of GDP decline. Get the latest Spotify Technology SA (SPOT) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. This has gotten more attention recently after the U.S. It is often associated with a period of weakness in gross domestic production (GDP). The current Spotify stock price 88.98 is 70.88 below its 52-week high What is the 52-week low for Spotify stock The 52-week low for Spotify stock is 85.92. But with the stock price down 50% year to date, investors are probably wondering how resilient Spotify's business could be amid a slowing economy. The term 'recession' is popping up a lot lately. Streaming is gaining real traction in the entertainment industry, so Spotify seems like a good bet. and DC Comics, and the Duplass Brothers.Many investors likely own shares of Spotify Technology (NYSE: SPOT) because they're familiar with its service. Spotify also had inked multiyear podcast pacts with the Obamas and Prince Harry and Meghan Markle’s Archewell Audio, as well as development deals with Kim Kardashian West, Warner Bros. Last fall, it secured exclusive rights to “The Joe Rogan Experience,” the hugely popular and controversial show. With that said, according to Zacks Research, based on short-term price targets offered by 21 analysts, the average price target for Spotify ( SPOT) comes to 152.76 (). However, SPOT posted a win on revenue, coming in at 2.91 billion against 2.85 billion. The company posted a loss of 0.86 per share, which stacked up poorly against Street projections calling for a loss of 0.72 per share. It has also spent millions on original and exclusive podcast content. Spotify’s earnings report was somewhat of a mixed bag. Last year Spotify bought Bill Simmons’ The Ringer podcast and media startup in a deal worth up to nearly $200 million and spent $235 million in cash to buy podcast publishing and ad company Megaphone.

Spotify kicked off its podcast-growth initiative in early 2019, buying podcast studios Gimlet Media and Parcast, and podcast self-publishing platform Anchor - paying nearly $400 million for them, with additional potential payouts over four years. Spotify hosts more than 1.9 million podcast titles, most of which are nonexclusive. Spotify as of the end of September had more than 320 million users, including 144 million paid subscribers, across 92 markets. However, it’s not clear that would present a competitive threat to Spotify any greater than Apple Music already poses. Meanwhile, Apple execs have been “discussing” a potential podcast subscription service, the Information reported Friday, citing unnamed sources. After my recent gloomybut accurateprediction about Netflix, someone asked me if I had shorted the stock. By Ted Gioia Published AugThis isn’t an investment advice column, but maybe it should be.

Let’s revisit my past predictions and make some new ones. Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. And, that would be bad for Spotify’s multiple and equity value.” Spotify has a market cap of more than $60 billion, while it has continued to post operating losses. It has been over four years since Spotify went public at 165.90 per share. The Citi analysts wrote that “our fear is that if podcasting doesn’t provide a way for Spotify to shift away from music label dependence, the Street may reassess the underlying value of the business.

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