Previous close | 19.35 |
Open | 20.80 |
Bid | 20.90 |
Ask | 21.35 |
Strike | 330.00 |
Expiry date | 2024-10-18 |
Day's range | 20.80 - 20.80 |
Contract range | N/A |
Volume | |
Open interest | 94 |
According to the average brokerage recommendation (ABR), one should invest in Spotify (SPOT). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
(Reuters) -China's Tencent Music Entertainment Group beat first-quarter revenue estimates on Monday, helped by strong growth in paid subscriptions and advertising services on its Spotify-like music streaming platform. Tencent Music's shares rose over 8% in morning trade in New York after the company said the number of its paying users rose 20.2% to 113.5 million from a year earlier,marking a record quarterly growth for this metric. This marks the third straight quarter that Tencent Music has suffered a revenue decline.
Spotify (SPOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.