Down 56%, Spotify Is a Great Buy Today
Share prices of Spotify Technology (NYSE: SPOT) have been crushed over the past year, falling 56% from their 2021 highs. The stock has been hurt by the overall decline in growth stocks and a reversal of some of the pandemic winners, like Spotify's music and podcast streaming business.
But should investors really be selling a company that's growing users and revenue by double-digit percentages and expanding margins? I think there's a lot to like about Spotify, especially at a more reasonable price than it traded at a year ago.
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Source Fool.com
