Despite a slight price decline of 0.29% on October 7, 2024, the Spotify S share continues to show impressive development. With a current price of EUR 337.40, the company is recording annual growth of an impressive 122.58%. The streaming giant benefits from its strong market position and innovative technology, which allows it to survive in a highly competitive market.
Challenges and future prospects
Despite its success, Spotify faces challenges such as copyright issues and intense competition. However, with over 70 million songs and 2.2 million podcasts, the company remains at the forefront of the streaming revolution. Investors should keep an eye on the development of the price-to-earnings ratio, which is forecast at 50.69 for 2024, as it could provide insight into future profitability.
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Spotify S share: buy or sell?! New Spotify S analysis from October 7th provides the answer:
The latest Spotify S figures speak for themselves: there is an urgent need for action for Spotify S shareholders. Is it worth getting started or should you sell? In the current free analysis from October 7th you will find out what to do now.
Spotify S: Buy or sell? Read more here…
