SPOT hammer timeSPOTIFY TECHNOLOGY stock forum
SPOT hammer time
SPOT has entered an important mid-term resistance area between $700-$727, where I am expecting a potential completion of the bounce since Jul lows. A rejection here could initiate a new downward move toward macro support at $585–$610.
Chart: tradingview.com/x/lT8L2EFr/
SPOT this will double bottom at 620
SPOT You guys can can talk trash about Spotify all you want but its undeniably one of the best performing stocks of the year. I decided to run the numbers on it again to determine a fair value for it. I have used the discount cash flow model to estimate the future cash flows the company will generate to determine a fair price for Spotify. Keep in mind I am using Wall Street's predictions in the equation to keep it as unbiased as possible. Using a long term growth rate of 4% with a 5 year exit, and a discount rate of 7.2% I have concluded the intrinsic valuation for the stock is currently $706. By adjusting the discount rate between 5.7% and 8.7%, and the growth rate between 3% and 5% we can conclude the range of the intrinsic valuation for Spotify is between $409 and $3267. According to my model Spotify is currently undervalued by about 3%.
SPOT I feel like this company is about to get bought out based on financials and price. this is a garbage company and will die if they dont evolveSPOT 687 today? 4hr 50maSPOT PE 167 major premium for a service that doesn't pay their artists fairly.SPOT buying pressure at 660
SPOT short term long, medium term short, long term long. We are in the last wave in a rising wedge pattern. I predict we enter a falling wedge pattern towards the end of the year or sooner
SPOT spotift will double bottom at 620, and recover to new highs