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Why Is Spotify Stock Soaring, and Is It Still a Buy?

Source The Motley Fool

Spotify (NYSE: SPOT) reported revenue, subscribers, and profits increases, which has investors cheering the outcome.

*Stock prices used were the afternoon prices of Nov. 13, 2024. The video was published on Nov. 15, 2024.

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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