4 Reasons to Buy Spotify Stock Right Now

Spotify (NYSE: SPOT) is one of the most well-known digital brands in the world, and for good reason. The music and audio streamer has grown rapidly over the last decade, and now has hundreds of millions of monthly active users (MAUs). However, even though its business has continued to chug along, the stock hasn't performed well this year. Its price is down 23.8% year to date while the broad market S&P 500 index is up by around 16%.

That decline might scare some investors away from Spotify, but to me, it looks like the market is providing a buying opportunity to anyone with a long-term mindset. 

Here are four reasons to buy Spotify stock right now.

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Source Fool.com