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# Spotify Stock Surging After Positive Valuations
- URL: https://www.hypebot.com/spotify-stock-surging-after-positive-valuations/
- Published: 2019-01-18T09:06:27.000Z
- Updated: 2019-01-18T09:06:27.000Z
- Description: 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]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, music, musician, musicians, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3d1a5ec200b-150wi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3d1a5ec200b-popup?ref=hypebot.com)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](https://investorplace.com/2019/01/why-its-time-to-become-bullish-about-spotify-stock/?ref=hypebot.com). "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."