Form 144 Spotify Technology S.A. Filed by: Ek Daniel G.

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Go back to Form 144 Spotify Technology S.A. Filed by: Ek Daniel G.

If Spotify’s share price is right, then this share price is 100% wrong: JPMorgan

February 7, 2025 6:30 PM EST

JPMorgan analysts argued in a note Friday that Universal Music Group (UMG) is significantly undervalued compared to Spotify, despite both companies being part of the same industry and sharing the same fundamental growth drivers.

"UMG & Spotify are part of the same value chain; they share the same growth drivers, the same customers & to a large extent the same revenue, wrote the bank.... More