Netflix Just Shared Some Big News With Investors. Here's Why It Makes the Stock a Buy
The streaming landscape was once dominated by Netflix (NASDAQ: NFLX), which arguably had a monopoly on the entire industry. In recent years, Netflix has seen a rising number of competing streaming platforms, namely from Disney, Alphabet, and niche players like Fubo.
To separate itself from the competition, Netflix has invested aggressively in original content. However, while this approach has reaped some benefits, it's clear that tougher decisions must be made if the company wants to acquire more subscribers and propel its top-line growth.
For several quarters, Netflix executives signaled to investors that it finally planned to crack down on password sharing. While one may argue that this could result in some short-term churn, the overarching thesis is that whatever churn Netflix may experience will be offset by a rising number of subscribers.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
As a result the target price of 643 € shows a slightly positive potential of 5.1% compared to the current price of 611.8 € for Netflix Inc..
