Reported 4 months ago
Spotify Technology S.A. (SPOT) ranks 12th among the best stocks to buy according to Jim Simons' Renaissance Technologies. Despite experiencing a slowdown in revenue growth, Spotify has seen a surge in subscriber numbers and improved gross margins. Analysts maintain a Buy rating with a price target of $680. The company continues to innovate, focusing on enhancing advertising and expanding into video, while also seeing significant growth in its Partner Programs for podcast creators.
Source: YAHOO