3 Red Flags For Spotify's Future
Spotify's stock (NYSE: SPOT) hit an all-time high of $387.44 last February. But it subsequently lost more than half of its market value amid concerns about the competition, its lack of profits, and rising interest rates.
Spotify might seem cheap after that sell-off at less than three times next year's sales. But if you're thinking about buying this beaten-down growth stock, you should review these three red flags for its future first.
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Source Fool.com
