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3 Reasons to Buy Netflix Stock Now

TheMotleyFool

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There's no denying that the adoption of streaming video accelerated over the course of the past year and as the global leader, Netflix (NASDAQ: NFLX) was one of the ultimate beneficiaries. The company added more than 36 million subscribers in 2020, bringing its worldwide total to 204 million, and helping push the stock price up 67% last year.

This, of course, raised the inevitable question about how Netflix will follow up such a banner year. Several developments in recent months provide insight into the company's strategy and there's mounting evidence that Netflix could continue its growth trajectory in 2021.

Let's look at three reasons why now is the time to buy Netflix stock.

Source Fool.com

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