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🎧📈 Spotify: Strong stock growth thanks to record profits and an effective strategy!
I'll follow up on the post from @lukasnekvapil About Spotify and the quarterly results!
Spotify Technology $SPOT is a global streaming service focused on music, podcasts and audiobooks. The company offers a rich catalog of content that includes exclusive deals with popular creators. Spotify is...
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Thanks for the overview. Great business for me, but currently the stock is just expensive.
Barclays raises S&P 500 target price
- Target price increase:
- Barclays has raised the target price for the S&P 500 index for 2024 from 5,300 to 5,600.
- Reasons for increase:
- Reflects a slight premium to the fair value of the index excluding the technology sector.
- Expectations that inflation will continue to normalize.
- Expectation that the economy will remain...
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6500, wow. If the Index gets there next year, I hope Arrk's prediction for Tesla comes out right?😁
So Spotify's results have been pretty solid and the stock is up solidly this year. For me, it's a fine business and I might buy a little at a lower price, but the price is too high at the moment.
How do you feel about $SPOT+1.4%stock ?
Spotify
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The current trend is truly exemplary. Congratulations to all who have bought. I'm not. But Spotify has been struggling a lot with Apple Music lately. Here in Europe it's pretty much winning, but it's the US that's weaker. They had to raise the price if I'm not mistaken. That's how they got above Apple. Still, the numbers are very good.
For me, good results, and although the growth is not so much, I think that it is clear that it is a strong company and not so fast, but I believe in its return to prices around $140-160 dollars.