Reported 6 months ago
Spotify's profitable performance has led to a record-setting stock streak with 10 consecutive monthly gains, despite shares still being below their 2021 peak. The company's strategic moves to increase profits, attract new subscribers, and venture into audiobooks have impressed analysts, leading to buy recommendations. While some caution about the stock's valuation, others like KeyBanc Capital Markets see Spotify's profit prospects as compelling, projecting operating profit to double and sustaining mid-teens revenue growth.
Source: YAHOO