If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today – Spotify Technology (NYSE:SPOT)

Spotify Technology SPOT has outperformed the market over the past 5 years by 7.82% on an annualized basis producing an average annual return of 21.54%. Currently, Spotify Technology has a market capitalization of $141.98 billion.

Buying $1000 In SPOT: If an investor had bought $1000 of SPOT stock 5 years ago, it would be worth $2,742.92 today based on a price of $689.99 for SPOT at the time of writing.

Spotify Technology’s Performance Over Last 5 Years

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.