3 Top Entertainment Stocks to Watch in May
Entertainment is an integral part of our lives, and the industry has rapidly evolved over the past few years as consumers slowly migrate from traditional cable to streaming. As a result, almost every major media conglomerate has attempted to build a streaming service -- efforts that have had varying success.
Streaming offered the promise of something that many media giants were lacking: growth. But now that interest rates have skyrocketed and debt has become more expensive, management teams may start asking if it is worth it. Here's a look at three major entertainment stocks and whether or not they are destined to become stars or flame out in the coming years.
Netflix (NASDAQ: NFLX), the pioneer of streaming, began offering the option in 2007. It has been a long road to profitability for the company, but it achieved its first full year of positive free cash flow in 2022. And after years of growth and burning cash, management expects the business to produce a positive annual free cash flow indefinitely.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 78 Buy predictions and 7 Sell predictions.
As a result the target price of 643 € shows a slightly positive potential of 4.83% compared to the current price of 613.4 € for Netflix Inc..
