27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Wolfe Research analyst Zach Morrissey upgraded Spotify Technology SA (NYSE:SPOT) to Outperform, up from Peer Perform at a price target of $190.
The analyst is pleased with SPOT's strong user and subscriber growth amid market saturation concerns.
Morrissey is bullish on the company's top-line growth outlook for the next few years, given its solid pricing power in its core subscription business, expected price increases in the U.S., and plans for premium tier offering.
The analyst expects SPOT's operating margin growth on further cost structure optimization over the next few quarters.
Also, the analyst expects higher savings from layoffs, podcast content investments, and marketing spending to boost Street's estimates in the coming quarters.
Also Related: Spotify To Cut Podcast Division Headcount By 200 Employees
However, the analyst sees a probable slowdown in subscriber growth on market saturation or moderating price growth as a matter of concern.
Morrissey estimates revenue growth of $13.176 billion in 2023, $14.936 billion in 2024, and $16.622 billion in 2025.
The analyst projects an EPS of $(2.35) in 2023, $0.21 in 2024 and $1.57 in 2025.
Price Action: SPOT shares are trading lower by 0.06% at $156.73 on the last check Wednesday.
Photo by Photo Mix from Pixabay
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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