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Promising Streaming Stocks To Keep An Eye On - March 14th

Spotify Technology logo with Computer and Technology background
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Key Points

  • MarketBeat flags Spotify, Confluent, and Roku as the streaming stocks to watch because they posted the highest dollar trading volume among streaming names recently; streaming firms' revenues are driven by subscriber growth, advertising, and content costs, which makes them growth-oriented but often volatile.
  • Spotify (SPOT) operates Premium and Ad‑Supported audio streaming globally and recently reported strong earnings, yet the stock remains roughly 34% below prior levels.
  • Confluent (CFLT) is a cloud-native data streaming platform for connecting applications and data, while Roku (ROKU) runs a TV streaming platform that monetizes via digital advertising and platform/device revenue.
  • Five stocks to consider instead of Spotify Technology.

Spotify Technology, Confluent, and Roku are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies whose primary business is delivering digital audio or video content over the internet (for example, Netflix, Spotify, Disney+). These companies’ revenues and valuations are typically driven by subscriber growth, advertising, and content costs, making them growth-oriented but often volatile investments. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

Spotify Technology (SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

Read Our Latest Research Report on SPOT

Confluent (CFLT)

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.

Read Our Latest Research Report on CFLT

Roku (ROKU)

Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

Read Our Latest Research Report on ROKU

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Should You Invest $1,000 in Spotify Technology Right Now?

Before you consider Spotify Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list.

While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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