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Spotify Stock Shooting for 6th-Straight Post-Earnings Gain

The stock just hit record highs before the earnings event

Deputy Editor
Feb 3, 2025 at 1:33 PM
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Music streaming name Spotify Technology SA (NYSE:SPOT) is preparing for its latest quarterly earnings report, due out before the open Tuesday, February 4. The stock has a bright earnings history, finishing its last five post-earnings sessions higher and closing only one next-day session lower over the past two years. 

The stock has already been outperforming on the charts recently, too, hitting a record high of $560.36 just last session before turning lower. Today, the shares were last seen up 0.4% at $550.50, adding to their 23% year-to-date gain. 

SPOT Feb3

  

When considering tomorrow's potential earnings move, it's worth noting that there is still room for optimism amongst the brokerage bunch. Of the 29 analysts in coverage, nine carry a "hold" or worse rating despite the stock's recent peak. 

Furthermore, though shorts have been covering their positions over the last month, short interest still represents 4.5% of the stock's available float. This leaves a bit of short squeeze potential left over as well. 

 
 

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