I'm sorry, but this is absolutely ridiculous. just shines as proof of how delusional some TA meme line drawers are...

like @crispier-bacon mentioned, "Spotify has a net loss of 1.5 billion last year alone and a 1.6 billion dollar lawsuit hanging over their head"

On top of that you're justifying a 29billion marketcap of which most revenue is generated from the however many 80mill subscribers that pay premium, but most is from free users ad revenue, margins of which pale in comparison. How much more growth can you expect from a net negative growth stock like this?

For perspective, Pandora's market cap is $2bill, I'm unsure of the user count, apple I think is 40mill subscribers, and then you have Sirius xm SIRI which is nearest in market cap at 28.3... They just posted 33mill subscribers, but SIRI has some very good metrics going for it. THEYRE ACTUALLY MAKING MONEY! but it's been a long time coming for them..
Such a THICK Cashflow cow...

SHORT SPOT
Price target $110 before $160.