Here's Why the Lack of Disney Films Won't Hurt Netflix
There's no reason to worry that Netflix (NASDAQ: NFLX) is losing its content deal with Walt Disney (NYSE: DIS), says Bernstein analyst Todd Juenger. The company's most important growth markets never had any Disney content to begin with, so why panic?
The analyst note pushed Netflix shares more than 3% higher on Wednesday, bringing the stock just 4% below the levels it held before Disney's decision. As it happens, Juenger is absolutely right.
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
€581.60
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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..
