2024 Was Spotify Stock’s Best Year. These Analysts Say …

Spotify stock was rising 5.7% Wednesday to $489.90 and was on pace for its largest percentage increase since Nov. 13, 2024, according to Dow Jones Market Data. The S&P 500 was up 1.6%.


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2024 Was Spotify Stock’s Best Year. These Analysts Say …

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Spotify stock was rising 5.7% Wednesday to $489.90 and was on pace for its largest percentage increase since Nov. 13, 2024, according to Dow Jones Market Data. The S&P 500 was up 1.6%.

msn.com

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2024 Was Spotify Stock’s Best Year. These Analysts Say ... - Barron's

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UBS analyst Batya Levi raises the price target on Spotify to $540 from $485. ... 2024 Was Spotify Stock’s Best Year. These Analysts Say Momentum Should Continue. By Angela Palumbo.

barrons.com

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2024 Was Spotify Stock’s Best Year. These Analysts Say ... - Yahoo

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Jan 15, 2025  · Music streaming platform Spotify continues to see growth in revenue and monthly active users, and that has boded well for the stock. Shares surged 138% in 2024, their best …

yahoo.com

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Spotify Earns Mixed Analyst Reviews After Q4 Success

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2 days ago  · SPOT stock holds a consensus Strong Buy rating from 29 Wall Street analysts, including 22 Buys and seven Holds. The Spotify average share price target of $543.60 …

businessinsider.com

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Spotify Q1 Preview: Analyst Sees 2024 Shaping Up With Revenue ...

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Apr 8, 2024  · The Spotify Analyst. ... “Podcasts Gross Margins are ‘very close’ to breakeven & we believe should flip positive for full-year 2024,” said Anmuth. ... Spotify stock was up 0.3% at …

benzinga.com

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Spotify Stock Is Up 55% This Year, Can The Rally Keep Going?

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May 8, 2024  · The story has been the momentum in the Spotify premium service which counts 239 million subscribers worldwide, up 14% year-over-year. Account-sharing options including …

yahoo.com

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Is It Too Late To Buy Spotify Stock After Its Whopping 180% Gain …

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3 hours ago  · The S&P 500 is in a raging bull market right now.It returned 23% over the past year, but that pales in comparison to the whopping 180% gain in Spotify Technology (SPOT-0.02%) …

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Spotify Earnings Are Imminent; These Most Accurate Analysts

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Nov 12, 2024  · On Monday, Benchmark analyst Matthew Harrigan maintained Spotify with a Buy and raised the price target from $430 to $440. Spotify shares gained 2.4% to close at $410.19 …

benzinga.com

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Spotify Q4 2024 Earnings: Streamer Posts First Full-Year Profit

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3 days ago  · A key reason for Spotify’s swing into the black: It cut headcount by 20.4% over the course of the year. At the end 2024, the company’s workforce comprised 7,261 full-time …

variety.com

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Spotify Stock Has Soared 142% In 2024. Is It Too Late To Buy? - MSN

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Spotify (NYSE: SPOT) is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500 …

msn.com

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Spotify Stock Cracks $465 Following Strong Q3 2024 Earnings

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Nov 13, 2024  · Plus, Spotify took the opportunity to double down on the aggressive forecast it introduced back in 2022 – including $100 billion in annual revenue by 2032. The business’s …

digitalmusicnews.com

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Spotify CEO Calls 2024 “A Year We Really Showed What We

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3 days ago  · Spotify shares are up 10% premarket on a strong fourth quarter that saw users and subscribers grow and the global music giant post a full-year profit for the first time since it …

deadline.com

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These Analysts Increase Their Forecasts On Spotify Following Q3 ...

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Nov 13, 2024  · The company reported quarterly sales of $3.99 billion which missed the analyst consensus estimate of $4.02 billion and is an increase over sales of $3.65 billion from the …

benzinga.com

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Spotify Stock’s 200% Rally Just Had Fresh Fuel Added - MarketBeat

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Jan 31, 2024  · Bullish comments. Yesterday, we saw a fresh upgrade from the UBS team, who upped their rating on Spotify shares from Neutral to Buy while giving the stock a new price …

marketbeat.com

FAQs about 2024 Was Spotify Stock’s Best Year. These Analysts Say … Coupon?

Should Spotify stock continue in 2024?

2024 Was Spotify Stock’s Best Year. These Analysts Say Momentum Should Continue. 2024 Was Spotify Stock’s Best Year. These Analysts Say Momentum Should Continue. Spotify Technology stock has been on a tear, and Wall Street believes shares can keeping hitting all the right notes in the new year. ...

Is Spotify stock a good buy?

Spotify stock just set a fresh record high, and it's starting to look a little pricey. Spotify (SPOT -0.98%) is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500 (^GSPC -0.43%). ...

Should you buy Spotify stock in 2032?

From a mathematical perspective, $100 billion in annual revenue places Spotify stock at a forward P/S ratio of around 0.9. In other words, the stock would have to quadruple between now and the year 2032 just to trade in line with its average P/S ratio of 3.8, which is a fantastic potential return. ...

How did Spotify make a profit in 2024?

Accelerating top-line growth combined with steep cost cuts allowed more money to flow to the bottom line as profit. As a result, Spotify delivered $1.2 billion in net income during 2024, which was a big swing from the $554 million net loss it generated in 2023. It was also the company's first profitable year. ...

Why did Spotify go into the Black in 2024?

Gross margin rose by 555 basis points year over year to reach 32.2%, which is also a record high. A key reason for Spotify’s swing into the black: It cut headcount by 20.4% over the course of the year. At the end 2024, the company’s workforce comprised 7,261 full-time employees globally, down from 9,123 at the end of 2023. ...

How did Spotify perform in Q4 & full-year 2024 earnings?

Spotify hit all the right notes in reporting Q4 and full-year 2024 earnings, with the audio streamer turning in its first annual net profit since it was founded in 2006. Shares of Spotify surged more than 10% on the solid earnings report in early trading Tuesday. ...

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