Previous Close | 128.20 |
Open | 129.00 |
Bid | 131.05 x 800 |
Ask | 132.00 x 800 |
Day's Range | 128.78 - 133.51 |
52 Week Range | 69.29 - 160.06 |
Volume | |
Avg. Volume | 2,057,367 |
Market Cap | 25.347B |
Beta (5Y Monthly) | 1.75 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -3.08 |
Earnings Date | Apr 25, 2023 - May 01, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 129.06 |
(Bloomberg) -- Spotify Technology SA’s $100 million Creator Equity Fund, designed to promote diversity in music and podcasts following controversial comments by the company’s star podcaster Joe Rogan, spent less than 10% of the money on that work as it rounded out its first year.Most Read from BloombergFinally, a Serious Offer to Take Putin Off Russia’s HandsAckman Warns of Accelerated Deposit Outflows After Fed DecisionShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Wea
Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.
Guggenheim today upgraded Spotify (NYSE:SPOT) to Buy from Neutral, with a price target of $155 vs. the prior $120. The firm said the decision hinges on its estimates of the company's subscription plan price increases and its cost management outlook.