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SPOT
Benzinga
197 days

Spotify Stock Rallies 145% In A Year: Will Q4 Earnings Keep The Music Playing?

1. Spotify reports Q4 earnings on Tuesday; EPS estimate is $2.06. 2. Stock up 145.71% YoY; bullish trend near key moving averages. 3. Analysts offer $438.39 price target, implying limited upside potential. 4. RSI at 76.7 indicates overbought condition, suggesting a pullback risk. 5. Increased focus on artist earnings partnerships may influence investor sentiment.

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FAQ

Why Bullish?

Strong historical performance and positive earnings expectations support SPOT's price. Similar bullish trends often lead to short-term price increases.

How important is it?

The article discusses imminent earnings that could significantly affect SPOT's stock performance.

Why Short Term?

Earnings reports tend to influence stock prices quickly. SPOT's upcoming earnings will likely lead to immediate market reactions.

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