Spotify

SPOT

Market cap $109B

Spotify (SPOT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Spotify is expanding its monetization program for creators and introducing new tools for video podcasters, as it aims to better compete with YouTube and Netflix in the booming market.

Spotify is lowering its eligibility criteria for podcasters to monetize their videos on the platform, dropping the minimum episode requirement to three, minimum consumption hours to 2,000, and engaged audience member threshold to 1,000 over the last 30 days.

Spotify (SPOT) concluded the recent trading session at $571.43, signifying a -3.7% move from its prior day's close.

I increased my forward projected dividend income by $86.77 (1.4%) in December, reaching $6,289.66. My portfolio strategy blends high-growth names like Broadcom (AVGO), Microsoft, and Visa with high-yielders such as SPYI and MPLX. Dividend reinvestments and increases, especially from AVGO and EPRT, drove nearly 83% of new forward income this month.

Spotify leads its niche, despite having to compete with some tech giants. The company boasts plenty of growth avenues and a strong competitive edge.

The consensus price target hints at a 32.1% upside potential for Spotify (SPOT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

The final trades of the day with the 'Fast Money' traders.

Netflix and Spotify stock have each fallen 25% to 30% from their highs reached midyear. Poor earnings results and outlooks and disappointing news have weighed on each stock.

Joe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to detail his latest portfolio moves.