Spotify monetizes its service with both paid subscriptions and advertising. As of SeptemSpotify had 226 million paid subscribers. According to the company's SEC filings, Spotify covers 184 countries and territories with 574 million monthly active users ("MAUs"). Spotify is one of the world's largest audio streaming subscription services, domiciled in Luxembourg. My target price for the stock is $240, which is around 22% higher than the current levels, which makes the stock a "Buy". Substantial investments in the service development will highly likely go on since the company's financial position is strong enough to continue building moat for SPOT. It drives revenue growth, and from the cost side of the equation the management also recently took a bold move to restructure, which will involve a significant headcount cut. At the same time, Spotify demonstrates strong growth momentum in its critical success metric, the monthly active users amount ("MAU"). I am a big fan of Spotify ( NYSE: SPOT) as a streaming service, and was surprised to find out that the stock currently trades almost two times lower than its all-time high. Martin Wahlborg/iStock Unreleased via Getty Images Introduction
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