We think that this could be a catalyst pushing Spotify stock higher in the future – even if not in the next few weeks or months. With ad-supported accounts growing at the same rate as paid users, monetizing on podcasts is a key next step for Spotify. Meanwhile, the so-called Whisper number is a loss of (0.29).
of internal partnership program staff 29 Increased stock price or market. Spotify is expected to report a loss of (0.49)/share on 2.10 billion in revenue. The average QUALCOMM INC stock forecast represents a 40.32 increase from the last price of 124.889999389648. This sub-segment of streaming audio is expanding fast and could become a substantial part of the company's P&L in the foreseeable future. including Spotify, Uber, Airbnb, BarkBox, Harry's, Stitch Fix, and Casper. The 21 Wall Street analysts offering QUALCOMM INC stock forecast in the last 6 months have average price target of 175.24 with a high forecast of 220.0 and a low forecast of 135.0. Therefore, one should not only consider growth in the music streaming space when calculating the fair value of the stock.Īs we discussed in “ Spotify Earnings: Why The Stock Spiked On Q3 Results”, one of the most relevant growth drivers for Spotify today is podcast. Unlike what many might think, Spotify is not merely a music platform, but an audio one. ( Read more from MavenFlix: Netflix Stock: A New Metric For Investors To Track) Podcast growth and ad revenue Today, Spotify is trading at the lowest price in the last 3 months. If so, an opportunity to buy the dip could exist for those who like the fundamentals of the company, but that believed SPOT may have been too expensive or overvalued.
One of the possible causes for such decline is profit taking.
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