Jim Cramer Recommends Buying Spotify (SPOT) Shares During "Periodic Moments of Underperformance"

We recently published a list of Jim Cramer Recently Looked at These 18 Stocks. In this article, we are going to take a look at where Spotify Technology S.A. (NYSE:SPOT) stands against other stocks that Jim Cramer discusses.

Cramer showed bullish sentiment toward Spotify Technology S.A. (NYSE:SPOT) as he mentioned that he has confidence in subscription businesses. He commented:

“My confidence in subscription model extends to Spotify. This incredible company dominates the podcast business and the music business, and of course, the new high list. It’s roaring right now, but it does have periodic moments of underperformance, and that’s when you gotta snap it up [buy, buy, buy].”

Spotify (NYSE:SPOT) delivers music and podcast streaming services through subscription-based and ad-supported models. Moreover, the company offers users access to a vast audio catalog along with supporting services like marketing, R&D, and customer support. Cramer called the company a “competitor to Netflix” during a Mad Money episode aired in April, as he said:

“If you want to know my favorite trade for the week, it’s going to be Spotify. Now, this has this juicy subscription business. People don’t focus on this company a lot. Lots of people ignore it,  dismissing it as a radio station without commercials. But I think Spotify’s all things entertainment, a competitor to Netflix for your time.”

Overall, SPOT ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SPOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.