If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today

Spotify Technology 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

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.