1 Huge Tailwind That Could Send Netflix Stock Soaring
For years, Netflix (NASDAQ: NFLX) surged higher as the streaming service faced little direct competition and had a wide-open growth opportunity.
More recently, the stock has become much more volatile as the company has seen slowing subscriber growth and new competition from legacy media companies.
Netflix has looked to a number of new revenue streams to make up for flagging subscriber growth such as advertising and paid sharing. Paid sharing, or what some refer to as Netflix's crackdown on password sharing, has already begun to show results.
Source Fool.com
Netflix Inc. Stock
€580.50
-0.190%
Our community is currently high on Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
With a target price of 609 € there is a slightly positive potential of 4.91% for Netflix Inc. compared to the current price of 580.5 €.
