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Where Will Spotify Be in 5 Years?

TheMotleyFool

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Spotify (NYSE: SPOT) has clearly been deemed a winner of the COVID-19 stay-at-home economy. The stock has been on a torrid run this year, up a whopping 71.7% for 2020 thus far, and receiving a market cap of nearly $50 billion dollars.

At first glance, that may seem like quite a lofty valuation. Spotify's price-to-sales ratio of six times isn't very high; many high-growth software companies sport P/S ratios multiples higher than that.