# Spotify Stock Soars 100%+ Ahead of Q2 Earnings: Analyst Upgrades & What's Next
Dive into our latest podcast episode analyzing Spotify's remarkable market performance as the streaming giant approaches its crucial Q2 earnings call on July 29th. We explore how the stock has doubled over the past year, surging more than 50% in 2024 alone, while currently trading around $670 - well above its 52-week low but below its recent high of $785.
Discover why major Wall Street firms including Oppenheimer, UBS, and Deutsche Bank have upgraded their price targets, with some analysts projecting values approaching $900. We break down the key growth catalysts analysts are excited about, including user expansion, new monetization strategies, App Store changes, and potential "superfan" offerings.
The episode examines the recent decline in trading volume, what institutional ownership of over 80% means for retail investors, and whether Spotify's 100+ P/E ratio is justified by its projected 15% revenue growth. Perfect for investors wondering if Spotify can maintain its momentum or if caution is warranted ahead of earnings.
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