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Is the Spotify Stock Dip a Buying Opportunity?
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It's been a tough year for Spotify's (NYSE: SPOT) stock, and things didn't get any better when it reported its Q1 results late last month. The stock is now down about 28% on the year, as of this writing.Let's take a closer look at the company's recent results and prospects to see if investors should buy the dip.After raising prices in the U.S. earlier this year, there has been a worry among some investors that Spotify's premium subscriber growth would slow. That finally showed up in its guidance, as it projected premium subscribers to grow 8% year over year to 299 million in Q2, falling just shy of analyst estimates for 300.3 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool