#5 - Spotify (NYSE:SPOT)
Streaming isn’t just about video. Spotify (NYSE:SPOT) is one of the leading names in streaming audio. Several years ago, Spotify made a deliberate pivot to emphasize original content via podcasts. Love him or hate him, Joe Rogan is exclusive to Spotify and garners millions of listeners.
Those listeners will likely engage with other areas of the platform and many will become Spotify Premium subscribers, which is the ad-free version of Spotify.
The question for investors is when (or if) Spotify will ever become profitable. Spotify has recently begun competing in the audiobook arena, a pay-per-use service. This puts the company in direct competition with Amazon and It’s too early to gauge its chances. If the company provides original titles that consumers can’t get elsewhere, it could be another revenue driver for the company.
About Spotify Technology
Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
Read More - Current Price
- $475.04
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $421.69 (11.2% Downside)
