Tag: Spotify

Why Spotify Technology (SPOT) Stock is a Compelling Investment Case

Rowan Street Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Fund posted a return of 43.2% for the quarter (gross), outperforming its benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Rowan Street Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Rowan Street Capital highlighted a few stocks and Spotify Technology S.A. (NYSE:SPOT) is one of them. Spotify Technology S.A. (NYSE:SPOT) provides an audio streaming platform.

Read more

Spotify (SPOT) Catches Eye: Stock Jumps 10.1%

Spotify Technology S.A. SPOT was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $177.22 to $242.86 in the past one-month time frame.

The upmove came after a Goldman Sachs analyst raised target price of the stock.

The company has seen no changes when it comes to estimate revision over the past few

Read more