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How Spotify Stock Can Double From Here

Spotify has been a hot stock, but it has a lot of work to keep the market happy.

By Travis Hoium – May 22, 2024 at 4:55AM EST

Spotify (SPOT +1.74%) has made some necessary changes over the past year but now needs to return to growth mode. In this video, Travis Hoium highlights how audiobooks and advertising play a key role in the company's long-term trajectory.

*Stock prices used were end-of-day prices of May 20, 2024. The video was published on May 21, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Spotify Technology. The Motley Fool has positions in and recommends Alphabet 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.

Stocks Mentioned

Spotify Technology Stock Quote
Spotify Technology
NYSE: SPOT
$525.03
(+1.74%)+$8.97
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$304.46
(+1.00%)+$3.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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