2024-02-14 15:45:06 ET
Summary
- Spotify's stock has rallied more than 25% year to date and nearly doubled in the past year.
- The company has successfully maintained subscriber growth despite price increases in the music streaming industry.
- However, there are risks to consider, including heavy content spend and a potentially more promotional environment. Subscriber strength in the recent Q4 could have pulled forward from FY24.
It's been a white-hot stock market so far in 2024, with the S&P 500 reaching an incredible 5,000 milestone. That being said, investors should not get complacent and think that a rising tide will indefinitely lift all boats - we should take caution to lock in some wins now, especially in certain stocks that have skyrocketed since the start of the year....
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For further details see:
Spotify: Time To Lock In Gains For Now (Rating Downgrade)