In this article

SPOT

Follow your favorite stocks CREATE FREE ACCOUNT

CNBC's Jim Cramer on Tuesday told investors that there's an opportunity to buy Spotify after its recent pullback.

"Even though Spotify's latest quarter did indeed come up short — no one's denying that — I think the total breakdown in the stock has created a tremendous buying opportunity, and this is a genuinely great franchise," he said.

Spotify disappointed Wall Street when it reported earnings last week. The music streamer missed revenue estimates, with a particular shortfall in ad-supported business, and posted weak guidance. Shares dropped more than 11% the day of the report. The stock remains up 44.62% year-to-date.

Although Spotify fell short on some key metrics, Cramer said there were still positives in

See Full Page