This should be the major re-rating catalyst for SPOT's shares, which are only trading at a low single digit forward Enterprise Value-to-Revenue multiple. I expect Spotify to achieve the lower end of the company's long-term gross profit margin goal (30%) in five years' time. My prior article for SPOT was written on January 18, 2022, which focused on the company's "competition with TikTok and Resso." I will spend time on Spotify's historical stock price performance, Q1 2022 guidance and its medium-term five-year outlook in my latest article. I continue to rate Spotify Technology S.A. Sony Alpha User/iStock Editorial via Getty Images Elevator Pitch Travel the world to capture moments and beautiful photos.
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