Entry 24.05/07
296.00
Stop-Loss
266.00
Target 24.11/13
443.00
Target Price Achievement 49.66%
  • Investing Points
  • Stock Attractiveness


Spotify, Brokerage Consensus Upgrades Continue... Target Price Raised

■ Trading Strategy (2024-09-20)
  • Recommendation Rating: Price Target Raised
  • Recommendation Price: $296
  • Current Price: $360.22
  • Current Return: +21.7%
  • Price Target: Raised from $385 to $443


Spotify Technology's stock continues its upward trend, reaching a new 52-week high.

Strong subscriber growth and performance improvements through subscription fee increases are ongoing. Additionally, the expansion of the advertising business and the introduction of a new ultra-premium tier are expected to drive future growth and profitability improvements. As brokerages continue to raise their earnings consensus, the target price is increased from $385 to $443.

Recent Stock Price Trend


■ Previous Trading Strategy
☞ Leads Rare Disease Treatment Market with New Drug Developments
☞ 2Q subscribers increased by 12%...stock price soared by 11.96%

Important Notice

All content provided by DataHero is solely for informational purposes and is not posted with the intention to sell or recommend specific stocks.

The content of DataHero is not a research report and should not be used as the sole basis for investment decisions. All investments carry risk, and past performance of financial products does not guarantee future results or returns.

When investing in financial products, one should always be aware of the possibility of financial loss and investors should carefully consider their investment objectives and risks before investing.

Stock Attractiveness

More
65 / 100 Quality

Financial Ratios

Profitability(Annualized)24.09/30
Operating Margin 5.38%
ROA 7.40%
ROE 19.00%
ROIC 48.40%
Stability24.09/30
Current Ratio 170.60%
Debt Ratio 16.92%
Receivable 20D
Growth(YoY)24.09/30
Revenue Growth 12.96%
Net Income Growth Continued loss
R&D/Revenue 13.02%
Valuation24.09/30
PER 94.61
PBR 14.32
PSR 4.39
EV/EBIDTA 54.10

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