Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years by 3.46% on an annualized basis producing an average annual return of 16.11%. Currently, Spotify Technology has a market capitalization of $65.76 billion.
Buying $1000 In SPOT: If an investor had bought $1000 of SPOT stock 5 years ago, it would be worth $2,127.95 today based on a price of $327.47 for SPOT at the time of writing.
Spotify Technology's Performance Over Last 5 Years
![1722011424_0.png](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240727/41344562-0-412597ebd32c2ba7a184fcebc458252e.png/big)
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.