9/6/2023 0 Comments Buying spotify stockSpotify continues to roll out new products and prove that it has something for everyone.When we step away from the short-term noise, I still find the following factors to be incredibly powerful drivers of the Spotify bullish thesis: I would venture to say, however, that investors' expectations have reset to a new, lower baseline - and from here, Spotify should be able to rebuild some of its value. This impact was compounded by pressure from the Russia fallout, which impacted 5 million (roughly 1%) of the company's MAUs and 1 million (about half of 1%) of the company's Premium subscribers. There has been some degree of increased risk here, specifically around slowing user growth. Of course, I won't say that Spotify is completely risk-free. I remain fervently bullish on Spotify and am a big buyer of the stock below $100. It's a great time, in my view, for investors to scoop up shares of Spotify at a discount. Even pre-pandemic, the stock had traded higher - in spite of the fact that the business has grown tremendously since then (especially in new areas like podcasting), and the fact that our reliance on streaming has never been more pronounced. The global leader in music streaming has of course had a number of fundamental slowdowns, but nowhere near enough to justify the 60% drop in its stock since then. Spotify ( NYSE: SPOT ), for example, has been the victim of undue pessimism this year. Specifically, I'm looking to pick up shares of iconic companies that are trading at severe discounts due primarily to weakened sentiment. If you're like me and you are banking on a year-end rebound, stock selection is of paramount importance. Travel the world to capture moments and beautiful photos.
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