Buy This Future Tech Leader

in #money5 years ago

This is the age of tech companies revolutionizing industries.

Music industry is no different. A recent IPO is looking for make a killing by offering artist and consumers a better way to publish and listen to their favorite songs. The company is in the process of scaling and with scale margins will widen and cash flow will increase.

Spotify Technology (SPOT) is offering artists more control over their content and offering innovative ways for consumers to continue to enjoy music. With big data Spotify predicts the types of songs you like and will recommend new artists or albums to listen to.

Spotify is rapidly growing with revenues increasing by 33% year over year. They are currently available in only 65 countries and have plenty of room to add new users. With scale Spotify is targeting gross margin of 30% compared to 12% margins in 2015.

This is your second chance to buy a future tech leader below the stocks first trading day price.
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Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.

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