As one of the fastest growing companies in the world, Pandora is leading the revolution of the digital music industry.
As technology and media continue to converge, it’s important to have the top stock picks on your radar. Pandora has been a force in the industry for over 13 years, and recently acquired Shazam for over $1 billion to expand its offerings. Pandora has a market cap of around $5 billion, which is much smaller than the likes of Apple and Alphabet, but Pandora has a unique opportunity to make the most of the continued expansion of mobile content.
Pandora was the first of many playlists in the industry. And, the company has been a workhorse in the music industry – adding more than 65 million active listeners over the past two years, compared to Apple Music and Spotify’s nearly 70 million and 60 million listeners, respectively.
There’s a major shift in how people consume media on their smartphones and the company’s focus on the Spotify model will attract users. Spotify went public in April, valuing the company at $15 billion and raking in roughly $5 billion.
To keep up with all of the changes happening in the industry, it’s important to know where to look to capitalize on market trends. This week, Analyze This called upon Charli Moran, a portfolio analyst at Xoom, to narrow down the best potential investments. Click play below to learn more about the best stocks to buy today.
If you enjoyed this article, keep checking back for more stock picks from Charli.
Follow Xoom @XoomFinance
Market Cap: $967 million
Institutional Investor Distributions: 0.16%
#10 – Xoom Inc.
I, as a firm of self-made millionaires, have achieved success by focusing our attention on issues that are at the forefront of the financial community. This means determining the most important topics and then trying to predict the news flow from day to day, tracking trends, and implementing unconventional methods of watching and analyzing the news.
Xoom, which has offices in California, Nevada, New York, and California, provides technology-driven payment solutions for over 6 million customers in 190 countries. If you’re a student, college student, small business owner, or entrepreneur who wants to manage your finances more efficiently, the company will enable you to reach out and help you with money management, online banking, and bill pay.
In the first quarter of 2019, Xoom’s revenue rose 72 percent to $57.5 million, while its net income rose to $5.6 million.