The market hated Spotify (NYSE: SPOT) in 2022. At some points, it felt like shares would never stop falling with the stock down 66% last calendar year.
But in 2023, fortunes for the audio streamer have started to change. The stock is up 55% year to date (YTD) along with an overall resurgence in growth stocks this year and after reporting strong user growth for the fourth quarter of 2022.
Investors are betting big on Spotify after its latest earnings result. Is the stock finally ready to bounce back for good? Let’s take a look.
Source Fool.com
Related posts:
Old Apple Products Still Available in the Apple Store: A Look at Vintage Items
"Alyssa Milano Faces Backlash for Attending Super Bowl After GoFundMe Scandal"
This Huawei is the best smart watch from the brand. They support 100 training methods and work for a...
How to Stop Your Washing Machine from Jumping and Making Noise: Tips and Tricks
