Time to Buy the Post-Earnings Rally in Spotify (SPOT) Stock?
Spotify(SPOT) ZACKS·2024-11-15 07:25
Able to appease investor sentiment toward its compelling growth narrative, Spotify Technology (SPOT) shares have rallied more than +15% since reporting Q3 results on Tuesday.Despite missing lofty earnings expectations, there was a lot to like about the music streaming company’s Q3 report. That said, let’s see if investors should chase the rally with SPOT hitting new 52-week highs of $489 a share today.Image Source: Zacks Investment Research Spotify’s Favorable Q3 Results Moving toward a full year of probab ...