But let us be clear, there's a very good chance you buy this stock now and it continues to slide down.īut as we just mentioned timing the market is impossible so what we can do is get 'close to the bottom' without trying to get 'the dead bottom'. So that when they rebound, the potential upside is massive relative to what it was just even several months ago.Īnd as we mentioned in the intro, we believe Spotify is one of those stocks. Predicting that exact bottom point is near impossible, so what smart investors are doing right now is not trying to time the market but rather buy stocks that they believe in over the long run at ridiculously cheap prices. So as long-term investors, you need to understand that the market will bottom and reverse course at some point. And as much as that may pain you to look at, this truly presents buying opportunities for long-term investors. That's why today we want to discuss Spotify's execution + long-term vision and why we believe they have the ability to more than double their stock price over the next few years.Īs with many investments right now, a large majority of them are down big in 2022. Spotify's plan for 'audio dominance' now seems more realistic than ever as they build a more scalable business. So why are we even telling you this? It's because depressed stocks like Spotify are great places to go bargain-seeking if you're looking for a stock with limited downside and a ton of upside opportunity.Īnd in the case of Spotify, we believe they have that potential.īut why? Well, Spotify is not going to flame out during this pullback - if anything it's quite the opposite. Therefore to get back to $365 the stock must almost increase by 4x (aka 300%) in order to get back there.

With the stock down 75%, the stock is currently trading near $98. How does that math work? Spotify's all-time high was $365. That means if Spotify reclaims that position, the stock will need to go up almost 300%. Spotify's stock is down ~75% from its all-time high.

Spotify stock down