In the wake of TikTok’s decision to discontinue its music streaming service, I’m reaffirming my bullish stance on Spotify (NYSE:SPOT). The company’s stock has demonstrated remarkable resilience, outpacing both the S&P 500 and its peer group over the past three and six months, with gains of 17% and 23%, respectively.
As an independent analyst, I’ve conducted my own research and formed my opinions without any external influence or compensation. I don’t hold any positions in the companies mentioned, nor do I plan to initiate any within the next 72 hours. My sole objective is to provide unbiased insights to investors.
It’s essential to acknowledge that past successes are not indicative of future performance. Investors should exercise caution and consider their individual circumstances before making any investment decisions. The views expressed in this article are solely those of the author and may not reflect the opinions of Seeking Alpha as a whole.
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