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Spotify Technology S.A. (SPOT): A Bull Case Theory

We came across a bullish thesis on Spotify Technology S.A. (SPOT) on Substack by Kroker Equity Research. In this article, we will summarize the bulls’ thesis on SPOT. Spotify Technology S.A. (SPOT)'s share was trading at $549.17 as of April 14th. SPOT’s trailing and forward P/E were 87.92 and 51.55 respectively according to Yahoo Finance.

[caption id="attachment_521016" align="aligncenter" width="750"] Copyright: dennizn / 123RF Stock Photo[/caption]

Over the past year, Spotify has undergone a significant transformation, evolving from a high-growth but profit-challenged...