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Spotify Stock Surging After Positive Valuations

Spotify stock closed Thursday at $133.25 and was up another 2.46% to $136.40 in pre-market trading Friday. That's a jump of more than 20% since Christmas eve. The price rise. Continue reading [https://www.hypebot.com/hypebot/2019/01/spotify-stock-surging-after-positive-valuations.html]

,   and  Bruce Houghton
Spotify New $Spotify stock closed Thursday at $133.25 and was up another 2.46% to $136.40 in pre-market trading Friday. That's a jump of more than 20% since Christmas eve. The price rise comes as multiple analysts see Spotify stock, which soared at high as $198.99 in 2018, is undervalued at current levels."This rally of SPOT stock has legs," writes analyst Luke Lango. "Although I labeled Spotify stock a bubble back in mid-2018, that bubble has since popped. What remains is an undervalued and oversold stock with healthy and improving fundamentals that give Spotify stock a reasonable chance to double over the next several years."

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