A New Ad-Based Tier, Paid Sharing, and Now Live Sports? 1 Thing Investors Should Consider With Recent Netflix Changes
(NASDAQ: NFLX) crushed Wall Street estimates in the fourth quarter, adding 13.1 million net new subscribers. This was the company's best fourth quarter ever. Revenue was up 12.5% year over year.
While investors continue driving up the price of this top streaming stock, which is up 55% in the last 12 months, it's best not to forget about some of management's strategic shifts in recent years. Let's take a closer look at Netflix's business today and follow up with an important takeaway for investors.
Four years ago, co-founder and then-CEO Reed Hastings mentioned on the Q4 2019 earnings call that Netflix had no plans to sell ads on its platform. Today, it's wild how the tables have turned.
Source Fool.com
Netflix Inc. Stock
€581.60
-0.440%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 609 € shows a slightly positive potential of 4.71% compared to the current price of 581.6 € for Netflix Inc..
