Will $SPOT fall victim of its own valuation?

Spotify (SPOT) stock has more than doubled over the past year, up +116%.

It’s one of our top-performing Core Conviction holdings.

But heading into earnings, valuations are high, and expectations are elevated.

We’ve seen what can happen in that setup—Netflix delivered a strong report and still traded lower. Last week earnings reactions were a sea of red.

Will Spotify follow the same path?

Here’s what we think…

10 Reasons We’re Betting on SPOT to Move…

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