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Is It Too Late to Buy Spotify Stock?

Jake Lerch, The Motley Fool
·2-min read
Is It Too Late to Buy Spotify Stock?

Audio streaming platform Spotify (NYSE: SPOT) has brushed aside last year's blues and is off to a killer start in 2023. The music industry is enjoying a renaissance, thanks to online platforms like Spotify that have made it easier -- and cheaper -- than ever before for music fans to access their favorite songs anytime, anywhere. While rising consumer demand is a great secular tailwind, the real reason behind Spotify's surging stock price is what the company is doing.

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