Spotify(NYSE: SPOT) is a leader in music streaming, but its growth may come from new revenue streams like podcasts, video, and advertising. In this video, Travis Hoium discusses Spotify's strategy, growth, risks, and why this could be a 10x stock for long-term investors.
*Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 6, 2024.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $22,050!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,999!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $407,440!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of November 4, 2024
Travis Hoium has positions in Spotify Technology. The Motley Fool has positions in and recommends Apple and Spotify Technology. The Motley Fool has a disclosure policy.
