Spotify shares have ripped 35% in 2025 to blow away the S&P 500’s -6% drop and Tech’s -11% decline. Its strong results, recession-proof business, and resistance to the tariff war have driven its YTD climb. This is part of a 450% run in the past three years to leave Tech’s 45% in the rearview.
The stock might breakout to new all-time highs in the coming weeks. That said, any pullback down to Spotify’s 200-day moving average would mark a screaming long-term buying opportunity.
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