A Bull Market Is Coming: 2 Reasons to Buy Netflix Stock in 2023
Netflix (NASDAQ: NFLX) is in a world of trouble. At least that's what many detractors said -- and kept saying -- as challenges to the company's business piled on. Increased competition, lower revenue growth, password sharing, and slower net new additions have plagued Netflix over the past few years. However, the company refuses to break under pressure.
And although Netflix may no longer be able to deliver the incredible returns it did during the 2010s, there are still solid reasons to invest in the stock this year, especially if a bull market kicks off after the downturn equities experienced last year. Let's consider two of those reasons.
A quick Google search reveals that there are now more than 40 video streaming services. Few people can name more than a dozen or so of these, with the likes of Netflix and Disney+ dominating the pack. But the fact that so many options are popping up reveals something important about the industry -- namely, streaming is on an unstoppable growth path. Why else would so many companies go through the trouble of creating these platforms?
Source Fool.com
