Netflix Doesn't Need to Worry About Amazon or Hulu
Over 50 million Americans subscribe to Netflix (NASDAQ: NFLX) as of the end of last quarter. That number completely dwarfs Hulu and the number of Amazon (NASDAQ: AMZN) Prime subscribers taking advantage of its video streaming feature. Hulu has a over 12 million subscribers, and comScore estimates just 17 million Prime subscribers stream content in any given month.
But both Amazon and Hulu are stepping up their original and licensed content spending in an effort to attract new subscribers. That could worry some investors that the two will not only cut into Netflix's market share, but actually steal subscribers away from the streaming leader.
The good news is that the recent growth of Hulu and Amazon Prime subscribers hasn't cut into Netflix's subscriptions. In fact, they serve as complementary services.
Source: Fool.com
Amazon.com Inc. Stock
The stock is an absolute favorite of our community with 157 Buy predictions and no Sell predictions.
As a result the target price of 191 € shows a slightly positive potential of 18.0% compared to the current price of 161.86 € for Amazon.com Inc..
