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Spotify:Quarterly Results/2024 Q3: Difference between revisions
Spotify:Quarterly Results/2024 Q3 (view source)
Revision as of 09:40, 8 November 2024
, 8 November 2024→Spotify to see further expansion in gross margin
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* Overweight, $420->$470: Wells Fargo expects Spotify's gross margin to expand further. "Our analysis of incremental gross margins indicates further expansion ahead of consensus. We think Spotify's strategy+ evolving industry dynamics support the flow-through."<ref>https://www.cnbc.com/2024/10/28/monday-wall-street-analyst-calls-like-nvidia.html</ref> | * Overweight, $420->$470: Wells Fargo expects Spotify's gross margin to expand further. "Our analysis of incremental gross margins indicates further expansion ahead of consensus. We think Spotify's strategy+ evolving industry dynamics support the flow-through."<ref>https://www.cnbc.com/2024/10/28/monday-wall-street-analyst-calls-like-nvidia.html</ref> | ||
* Buy, $425->$430: Goldman Sachs said Spotify is beginning to show signs of the gross and operating margin trajectory that the company guided dating back to 3 to 5 years. They added that Spotify remains a global audio platform leader which will support user growth, growing engagement and pricing power<ref>https://thefly.com/permalinks/entry.php/id3993651/SPOT-Spotify-price-target-raised-by--at-Goldman-Sachs-heres-why</ref>. | * Buy, $425->$430: Goldman Sachs said Spotify is beginning to show signs of the gross and operating margin trajectory that the company guided dating back to 3 to 5 years. They added that Spotify remains a global audio platform leader which will support user growth, growing engagement and pricing power<ref>https://thefly.com/permalinks/entry.php/id3993651/SPOT-Spotify-price-target-raised-by--at-Goldman-Sachs-heres-why</ref>. | ||
* Buy. Barclays expects Spotify's margins to improve sequentially into Q4. They see strong levers for growth such as new pricing tiers, label negotiations, and a possibility for global price increase next year. They expect recent price increase to impact revenue though they expect social charges tied to recent price movements to impact operating income<ref>https://www.investing.com/news/stock-market-news/disney-spotify-most-preferred-media-stocks-into-earnings-says-barclays-3655158</ref>. | |||
=== Management is focused on financial discipline and profitability and the company has best-in-class product offering === | === Management is focused on financial discipline and profitability and the company has best-in-class product offering === | ||