Spotify (SPOT) Dips More Than Broader Market: What You Should Know

Spotify (SPOT) closed at $546.70, down 2.07% from the previous day, underperforming the S&P 500. While the stock gained 8.13% over the past month, analysts project a 14.88% EPS decline for the upcoming quarter, though full-year earnings are expected to grow 20.19%. The company trades at a Forward P/E of 39.07, significantly above the industry average of 20.36, earning a Zacks Rank of #3 (Hold).