Spotify Stock Surge: Why Investors Are Buying Despite High Prices …

On the other hand, Spotify stock trades at a new 52-week high backed by recent earnings momentum and has reached a market capitalization of up to $92 billion to lead Sirius XM stock by a wide margin.

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Spotify Stock Surge: Why Investors Are Buying Despite High Prices …

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On the other hand, Spotify stock trades at a new 52-week high backed by recent earnings momentum and has reached a market capitalization of up to $92 billion to lead Sirius XM stock by a wide margin.

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

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11 hours ago · Spotify stock soared to a record high after it released its financial results for 2024 last Tuesday. The company grew its revenue at an accelerated pace despite slashing costs …

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Why Is Spotify Stock Soaring, And Is It Still A Buy? - MSN

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Where to invest $1,000 right now. When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 875% — a market-crushing outperformance ...

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Why Spotify Stock Surged Today - Nasdaq

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Jan 31, 2023 · Shares of Spotify popped on Tuesday after the audio platform delivered strong subscriber-growth metrics. As of 2:35 p.m. ET, Spotify's stock price was up more than 11%. …

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

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Spotify posted its first annual profit in 2024. Spotify generated $16.3 billion in total revenue during 2024. It was an 18% year-over-year increase, which marked an acceleration from the 13% ...

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Spotify Stock Soars 81% Year To Date: Should You Invest Or Avoid?

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Aug 28, 2024 · As of the last trading session, the stock closed at $339.47, close to its 52-week high of $359.38. SPOT is trading above its 50-day moving average, indicating a bullish …

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

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11 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 (NYSE: …

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Spotify Stock Surges Again. What's Behind The Rally?

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Nov 13, 2024 · Spotify's (SPOT 0.10%) earnings were strong once again, as the company's focus on profits and cash flow paid off. But it was the level of margin expansion that shocked investors.

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Spotify Stock Surge: Why Investors Are Buying Despite High Prices

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Nov 15, 2024 · On the other hand, Spotify stock trades at a new 52-week high backed by recent earnings momentum and has reached a market capitalization of up to $92 billion to lead Sirius …

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Cantor Fitzgerald Lifts Spotify Stock Price Target To $600

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2 days ago · Despite the positive momentum, Spotify anticipates a slight decline in its gross margin for the first quarter, projecting it at 31.5%, down approximately 75 basis points quarter …

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Spotify Stock Soars To Record High On Q3 Report - Investor's …

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Nov 13, 2024 · On the stock market today, Spotify stock popped 11.4% higher to close at 467.37. In intraday trading, it notched a record high of 473. In intraday trading, it notched a record high …

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Spotify Stock Rocks Higher On Price-Target Hikes - Investor's …

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Jan 15, 2025 · On the stock market today, Spotify stock advanced 5.9% to close at 490.69. Spotify stock has formed a flat base with a buy point of 506.47, according to IBD MarketSurge. …

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Spotify Stock Rises On Turn To Profitability - Investor's Business …

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Jan 31, 2025 · Spotify stock is in record-high territory ahead of that report, due Tuesday morning. Analysts polled by FactSet expect Spotify to earn $2.08 a share on… Related news

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FAQs about Spotify Stock Surge: Why Investors Are Buying Despite High Prices … Coupon?

Is Spotify stock a Buy Right Now?

Spotify stock soared to a record high after it released its financial results for 2024 last Tuesday. The company grew its revenue at an accelerated pace despite slashing costs throughout the year. Spotify stock is expensive right now, but it might still be a buy for investors with a long-term horizon. ...

Why did Spotify stock surge on Thursday?

Spotify Technology stock surged on Thursday after an analyst raised his price target on the music streamer to the highest on Wall Street. ...

Why did Spotify stock jump on Tuesday?

Shares of audio-streaming platform Spotify Technologies(NYSE: SPOT) jumped on Tuesday after the Swedish company reported financial results for the first quarter of 2024. As of 9:40 a.m. ET, Spotify stock was up 13% and hitting new 52-week highs. ...

Why are investors sending Spotify stock higher today?

Its gross margin was just 25% in the prior-year period but jumped to almost 28% in Q1. The top-line growth coupled with gross margin improvement led to a net profit. And that's why investors were sending Spotify stock higher today. More record results coming up? Spotify's guidance for the upcoming second quarter was encouraging as well. ...

Is Spotify a good stock to buy in 2024?

Now that Spotify has a full-year profit under its belt, investors can start valuing its stock using the price-to-earnings (P/E) ratio. Based on the company's earnings per share of $5.74 in 2024, the stock trades at a P/E ratio of 109 as of this writing. That is extremely high -- by comparison, the S&P 500 index trades at a P/E ratio of 25.5. ...

Is Spotify stock expensive?

Valuing the company based on its operating income today, I believe Spotify stock is expensive with its market cap above $61 billion. That said, the company is clearly still growing at an impressive pace, and its profits can keep climbing to support its valuation as a result. Should you invest $1,000 in Spotify Technology right now? ...