Spotify

SPOT

Market cap $109B

Spotify is gaining users and reporting strong earnings growth. I believe that Spotify has a strong competitive moat as the "go-to" music streaming service. I am bullish on the stock ahead of its Q1 earnings release.

Investors looking for stocks in the Internet - Software sector might want to consider either Paycom Software (PAYC) or Spotify (SPOT). But which of these two stocks offers value investors a better bang for their buck right now?

Spotify Technology stock rose Monday after receiving several reassuring analyst reports ahead of the streaming music leader's first-quarter earnings report.

Spotify Technology SA (NYSE:SPOT) is going into its first quarter earnings report on April 28 with a generally positive setup, according to Jefferies analysts who maintained their ‘Buy' rating on the music streaming platform. The analysts have a $650 price target on Spotify, which traded up almost 5% at about $498 on Monday afternoon.

Spotify (SPOT) reached $475.99 at the closing of the latest trading day, reflecting a -2.18% change compared to its last close.

Spotify Technology SA (NYSE:SPOT) is poised for a strong first quarter earnings report, with UBS analysts projecting accelerating revenue and margin growth and Sensor Tower data hinting at upside in subscriber additions. For the second quarter, UBS expects the music streaming platform to highlight further revenue acceleration and sequential margin gains, supported by a full-quarter benefit from recent US price increases, though subscriber growth may slow slightly due to tougher year-over-year comparisons.

I achieved a record $912.86 in monthly dividends and added $308.68 in forward income, reaching $6,883.46 in annual projected dividends. New capital contributions and purchases, particularly in SPYI and ADC, drove forward income growth this month. My portfolio yield on cost stands at 4.83% versus a current yield of 3.77%, reflecting disciplined accumulation and reinvestment.

Spotify added a record 38 million monthly active users in the fourth quarter, easily beating management's own expectations. The company's profit margins continue to expand.

Recently, Zacks.com users have been paying close attention to Spotify (SPOT). This makes it worthwhile to examine what the stock has in store.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?