Meet the Monster Stock that Continues to Crush the Market

Spotify Technology (NYSE: SPOT) has been one of the best-performing technology stocks in the world since going public in 2018. The journey has been bumpy, though. Shares have produced a 19% annual total return compared to 14% for the S&P 500 index, meaning that Spotify has beaten the market over the last seven years.However, in 2021 and 2022, the Spotify story looked dire. The music and audio streaming platform had an 80% drawdown as investors worried about a lack of profitability with its business model. Since falling to $75 a share, the stock has rallied in the last two years in a remarkable comeback for the company, which is now worth close to $100 billion in market capitalization.And yet, the stock is rarely talked about in investing circles, even after this run-up. Here's the generally overlooked story of Spotify's stock market comeback, and whether you should buy shares today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool