10 Stocks on Jim Cramer and Wall Street’s Radar

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1. Spotify Technology S.A. (NYSE:SPOT)

Average Price Target Upside: 34.47%

Number of Hedge Fund Holders: 101

Before Spotify Technology S.A. (NYSE:SPOT) reported its earnings in February, Cramer said on January 31:

“Alright, now we start the morning with PayPal and Spotify, both of which could have terrific numbers… Now Spotify is a classic beat-and-raise story. It tends to blow away the estimates. I love these subscription businesses, you know that, think Netflix, Amazon because of Prime, and Spotify’s always in the conversation.”

Spotify (NYSE:SPOT) provides audio streaming services through a subscription model, allowing users to enjoy a diverse range of music and podcasts. Cramer is not the only one who likes the company. On February 14, Morgan Stanley analyst Benjamin Swinburne reaffirmed his Buy rating on SPOT stock and set a price target of $670.00. The stock has received a consensus Buy rating from 40 analysts with an average price target of $715.49, as of March 7.

More recently, in February, Cramer said “Uh, I loved the Spotify quarter but they got clipped”.

While we acknowledge the potential of Spotify Technology S.A. (NYSE:SPOT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPOT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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