Streaming Platform Spotify Has Upside Potential
SPOTSpotify(SPOT) GuruFocus·2024-02-20 21:00

The share price of Spotify Technology SA (SPOT, Financial) has experienced significant volatility since its initial public offering in 2018. Initially priced at 165.90pershareinApril2018,itsoaredtoanalltimehighof165.90 per share in April 2018, it soared to an all-time high of 334 by February 2021. However, it subsequently plummeted to an all-time low of 77.26inNovember2022,beforereboundingtoaround77.26 in November 2022, before rebounding to around 240 currently. In my opinion, Spotify is still cheap at this price and could provide decent upside for investors over the next several years. Consisten ...