From Nasdaq: 2025-04-30 07:51:00

This year has been turbulent for Wall Street, with major indexes like the S&P 500, Nasdaq, and Dow Jones losing gains year-to-date. However, Spotify Technology (NYSE: SPOT) has stood out as a strong performer since 2022, with a 670% stock increase and a compound annual growth rate (CAGR) of 128%.

Spotify’s success can be attributed to its “stickiness,” with a loyal subscriber base and increasing profitability. The company has raised prices and reduced costs, leading to a net profit of $1.2 billion in 2024. Investors may want to consider adding shares of Spotify due to its rapid growth and modest valuation.

While Spotify wasn’t on the Motley Fool’s list of 10 best stocks to buy now, its performance and potential for returns make it a compelling investment opportunity. Savvy investors should keep an eye on Spotify Technology for future growth.



Read more at Nasdaq: Spotify Could Be a No-Brainer Buy Right Now