Music streaming and podcast powerhouse Spotify (SPOT) is another name that outperformed in 2020, with pandemic-led tailwinds being reflected in the stock’s price appreciation over the past year (148% gain in the past twelve months). However, like other COVID-19 "stay-at-home" plays, some may fear this growth story is starting to cool. As a result, Spotify shares have held steady between around $310 and $360 since December. While this isn’t a cheap stock by any means, SPOT looks attractive at today’s prices. Profitability remains many years off as the company continues to scale up, but if it maintains double-digit growth, it could exceed Wall Street’s muted expectations in 2021.
https://www.tipranks.com/news/article/growth-is-still-on-the-playlist-with-spotify-stock