The Single Best Growth Stock to Buy With $1,000 and Hold for Decades

By Travis Hoium – Feb 15, 2024 at 6:45AM

NYSE: SPOT

Spotify Technology

Market Cap

$56B

Today's Change

(0.20%) $0.57

Current Price

$289.59

Price as of April 26, 2024, 4:00 p.m. ET

This stock has a lot of long-term tailwinds behind it.

Spotify (SPOT 0.20%) recently reported another great quarter and showed that it's taking market share from all the other players in music. But the long-term future of this business is so much more than music.

In this video, Travis Hoium shows why Spotify's stock run may just be getting started.

*Stock prices used were end-of-day prices of Feb. 13, 2024. The video was published on Feb. 14, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, Apple, and Spotify Technology. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, and Spotify Technology. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.