3 Reasons Why Netflix Stock Can Keep Winning in 2024
This has been a good year to own (NASDAQ: NFLX). Shares of the world's leading premium streaming service are up 62% in 2023, handily beating the market as well as most of its smaller rivals. It wouldn't be a surprise to see Netflix stock take a breather in 2024 after a hot year, but there's a good case to be made for the upticks to continue.
Let's take a closer look at some of the things that set Netflix apart. They also happen to be reasons why Netflix isn't facing the same kind of challenges that many consumer-facing companies will have to tackle in 2024.
The Black Friday holiday weekend was a pretty crazy time to be a collector of cheap streaming service subscriptions. Let's go over some of the now largely concluded promotions that rival services were offering to woo deal-seeking viewers.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 101 Buy predictions and 11 Sell predictions.
With a target price of 644 € there is a slightly positive potential of 8.45% for Netflix Inc. compared to the current price of 593.8 €.
