The Spotify Technology SA share recorded a slight increase of 0.10% to EUR 338.38 on October 5th. This continues the positive trend of the last few months, in which the share gained 2.13%. The annual profit of 122.62% is noteworthy, which underlines the strong growth of the streaming giant.
High rating raises questions
Despite the positive price development, some key figures indicate that the valuation may be excessive. The current price-to-sales ratio (P/S) of 5.08 and the price-to-cash flow ratio (P/CV) of 99.05 are well above the values that analysts would consider attractive. Investors should consider these factors when making investment decisions, especially given the forecast P/E ratio of 50.69 for 2024.
Advertisement
Spotify S share: buy or sell?! New Spotify S analysis from October 6th provides the answer:
The latest Spotify S figures speak for themselves: there is an urgent need for action for Spotify S shareholders. Is it worth getting started or should you sell? In the current free analysis from October 6th you will find out what to do now.
Spotify S: Buy or sell? Read more here…
