Spotify Stock (NYSE:SPOT): Strong Momentum, But Has the Valuation Gotten Too High? [Yahoo! Finance]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: Yahoo! Finance
Despite boasting over 600 million monthly active users (MAUs), Spotify keeps attracting paying subscribers and ad-supported members rapidly. The company is also recording a strong valuation multiple expansion, driving improved profitability. This trajectory could very well persist, moving forward. Yet, investors should be wary about the stock's valuation, which appears too high. Thus, I am neutral on SPOT stock. Q1 Results: Excellent User, Revenue Growth Spotify's Q1 numbers marked another period of excellent user and revenue growth. Despite already numbering more than 600 million users, Spotify keeps attracting new crowds to its platform at a rapid pace. In the meantime, the company enjoys strong pricing power, which, along with a larger number of users and strong advertising results, led to an acceleration in revenue growth. Let's take a deeper look. Starting with user growth, Spotify had 615 million MAUs at the end of the quarter—a 19% rise from the previous year. In particul
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News
- Stifel Financial Corp. (NYSE: SF) had its price target raised by analysts at Citigroup Inc. from $90.00 to $102.00. They now have a "neutral" rating on the stock.MarketBeat
- Transaction in Own Shares [Yahoo! Finance]Yahoo! Finance
- Stifel Reports August 2024 Operating DataGlobeNewswire
- Stifel Financial Corp. (NYSE: SF) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $85.00 to $94.00. They now have a "neutral" rating on the stock.MarketBeat
- Transaction in Own Shares [Yahoo! Finance]Yahoo! Finance
SF
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- 7/24/24 - Beat
SF
Sec Filings
- 9/26/24 - Form 8-K
- 8/29/24 - Form N-PX
- 8/22/24 - Form 8-K
- SF's page on the SEC website