A $9.95 Multiplex Buffet Won't Hurt Netflix
MoviePass rocked the entertainment industry on Tuesday, slashing the price of its movie theater plan to a mere $9.95 a month. Subscribers can see a regular 2D screening daily at most multiplex theaters across the country for less than what some exhibitors charge for a single movie.
Netflix (NASDAQ: NFLX) shares inched 1.5% lower on an otherwise flat market day, suggesting that investors fear that the MoviePass smorgasbord will woo some of the streaming service's users. After all, MoviePass is now pennies cheaper than Netflix. It's not a fair comparison, of course. Netflix is so much more than just a movie-screening platform, even if your homemade popcorn will never taste as good as your corner cinema's.
Image source: MoviePass.
Source: Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 8 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.54% compared to the current price of 581.6 € for Netflix Inc..
