Will Spotify's Stock Continue On Its Recovery Path? 🤔
[Spotify Stock Analysis](https://www.nasdaq.com/articles/will-spotifys-stock-continue-on-its-recovery-path-2021-09-06):
Streaming audio leader Spotify’s stock (NYSE: SPOT) went up by 4.2% to $234 in the last five trading days. In comparison, the broader S&P500 rose by 0.8% over the last five trading days. Since the start of 2021, Spotify’s stock is down 26% as investors have not been convinced by its first two quarter results. In Q2 2021, the increase in Monthly Average Users (MAU’s) was just below the bottom end of management’s guidance range – the company had increased the price in more than 30 markets, which led to the belief that the customers are more price sensitive than expected. In response, the CEO stated that the drop was due to a technical issue with email verification systems which made it difficult to sign up for any kind of Spotify service for a couple of weeks. In the past few days the stock has recovered slightly.
Would you buy in now? Thoughts… 🤔
https://www.reddit.com/r/StockMarket/comments/pjkbr2/will_spotifys_stock_continue_on_its_recovery_path/
