Spotify (SPOT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
FTAI, SPOT and ASMIY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 29, 2023.
The average brokerage recommendation (ABR) for Spotify (SPOT) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?