Prediction: Spotify Will Soar Over the Next 3 Years. Here's 1 Reason Why.
There's no doubt about it: The music industry has shifted to the streaming model. The biggest winner has to be Spotify (NYSE: SPOT), with more than 675 million monthly active users (MAUs).Yet, even though the stock is up more than 300% over the last three years, there's still time to buy this industry leader. Here's why.Growth stocks often soar to new heights thanks to skyrocketing revenue, optimistic guidance, or big increases in their customer base. However, consistent profitability is a hurdle that many growth stocks never achieve.Continue reading
There's no doubt about it: The music industry has shifted to the streaming model. The biggest winner has to be Spotify (NYSE: SPOT), with more than 675 million monthly active users (MAUs).
Yet, even though the stock is up more than 300% over the last three years, there's still time to buy this industry leader. Here's why.
Growth stocks often soar to new heights thanks to skyrocketing revenue, optimistic guidance, or big increases in their customer base. However, consistent profitability is a hurdle that many growth stocks never achieve.
