About this content Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, an ...

At the same time, the small-cap Russell 2000 has soared as Wall Street prices in the start of Fed rate cuts in September. Increased market breadth is a positive sign for investors. Zacks Rank #1 (Strong Buy) stocks outperform the market in both good and bad times. However, there are over 200 stocks that earn a Zacks Rank #1 at any given time. Clearly, there are only three items on this screen. But together, these three filters can result in some impressive returns. • % Change (Q1) Est. over 4 Weeks greater ...

As Spotify (NYSE:SPOT) prepares to release its Q2 2024 results on July 23rd before the market opens, several indicators point to a strong performance that should exceed analyst consensus expectations on both topline and operating income. Spotify's strategic initiatives are a crucial factor in its positive outlook for Q2. As another positive catalyst, I highlight that in the 1H of 2024, Spotify has been proactive in enhancing monetization and expanding its service offerings. This includes the introduction of ...

Spotify currently has an average brokerage recommendation (ABR) of 1.65, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.65 approximates between Strong Buy and Buy. The ABR suggests buying Spotify, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors t ...

Loading... Wolfe Research analyst Devin Brisco initiated coverage on Spotify Technology S.A. SPOT with an Outperform rating, while announcing a price target of $390. Spotify shares fell 1.3% to close at $300.98 on Thursday. See how other analysts view this stock. Jefferies analyst Corey Tarlowe initiated coverage J.Jill, Inc. JILL with a Buy rating and announced a price target of $44. on J.Jill shares rose 5.8% to close at $36.65 on Thursday. See how other analysts view this stock. Wedbush analyst Richard A ...

It is hard not to think of Spotify (NYSE: SPOT) when one thinks about music and podcast streaming; its leadership role is cemented with a reported 615 million users in Q4 2024, which puts a significant spacing from its following rival Tencent Music (NYSE: TME) that had 576 million reported users in the same period. However, the question arises whether SPOT stock has more room for growth after an impressive gain in the first half of 2024 or if there is no more gas left in the tank. Rising prices for subscrip ...

Spotify (SPOT) closed the latest trading day at $300.98, indicating a -1.31% change from the previous session's end. This change lagged the S&P 500's 0.88% loss on the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 1.95%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.98 per share and revenue of $16.92 billion. These totals would mark changes of +268.81% and +18.09%, respectively, from last yea ...

KeyBanc analyst Justin Patterson reiterated an Overweight rating on Spotify Technology SA SPOT with a price target of 410, up from $400. While Patterson is mindful that near-term net add guidance can weigh on the stock, he noted that this misses the bigger picture. Also Read: Spotify Discontinues Car Thing Device, Shifts Focus to New User Features Patterson expects second-quarter MAUs to be in line at 631 million and an upward bias to his and Street Premium Subscribers of 245 million, equating to net adds o ...

Despite today's bear note, the brokerage bunch is optimistic toward SPOT, with 24 of 35 firms in coverage sporting a "buy" or better. Plus, the 12-month consensus target price of $345.70 is an 11.4% premium to current levels. The equity is today testing long-term support from the 40-day moving average, which has been in place since late October. Shares are not far off from their June 5, three-year high of $330.91, and despite pacing for a thirdstraight daily loss still sport a 92.9% year-over-year lead. Sha ...

Investment Rating - The report assigns a "Buy" rating to Spotify with an initial target price of US$378.52, compared to the current share price of US$296.78 [23][24]. Core Insights - Spotify is positioned as the leading audio and podcast streaming service globally, utilizing a freemium business model that combines free and paid services. This model allows users to access basic services for free while offering premium features through subscriptions. The audio streaming industry is mature in regions like the US and Europe, but there remains significant growth potential in developing countries such as India [6][24]. - The report highlights Spotify's market share growth in India, increasing from 10% in 2020 to 26% in 2023, surpassing competitors like JioSaavn and Apple Music. This growth is attributed to Spotify's reputation, technological expertise, and focus on local and Hindi music, appealing to the 15-30 age demographic [21][24][116]. - Spotify's revenue from podcasts has shown substantial growth, increasing from €2.95 billion in 2016 to €16.81 billion in 2023, with a compound annual growth rate (CAGR) of 28.2%. The share of podcast revenue in total revenue has also risen from 10% to 12.7% during the same period [24][123]. Summary by Sections Investment Overview - The report emphasizes Spotify's potential for growth and profitability, projecting earnings per share (EPS) of €3.903, €6.439, and €9.487 for 2024, 2025, and 2026 respectively, with a forecasted transition to profitability starting in 2024 [24][46]. Financial Performance - Spotify's total revenue is expected to grow from €13.247 billion in 2023 to €15.746 billion in 2024, with a net profit forecast of €777 million in 2024, marking a significant turnaround from previous losses [15][24]. Market Expansion - The report discusses Spotify's strategic expansion into the Indian market, leveraging its experience from entering similar markets like Brazil. The focus on local content and partnerships with telecom providers has been crucial for gaining market share [29][106][110]. Competitive Positioning - Spotify's leadership, particularly by co-founders Daniel Ek and Martin Lorentzon, has been instrumental in shaping the company's competitive edge and market strategy. Their focus on innovation and understanding of consumer digital experiences has positioned Spotify favorably in the streaming landscape [119][120].