Spotify Stock Looks Significantly Undervalued
SPOTSpotify(SPOT) Seeking Alpha·2024-01-12 20:48

Martin Wahlborg/iStock Unreleased via Getty Images Introduction I am a big fan of Spotify (NYSE:SPOT) as a streaming service, and was surprised to find out that the stock currently trades almost two times lower than its all-time high. At the same time, Spotify demonstrates strong growth momentum in its critical success metric, the monthly active users amount ("MAU"). It drives revenue growth, and from the cost side of the equation the management also recently took a bold move to restructure, which will invo ...