Netflix Will Stop Reporting Quarterly Subscriber Numbers. It Could Be a Big Win for the Streaming Sector.
Netflix (NASDAQ: NFLX) just turned in a stellar first-quarter report, but the most surprising part of the earnings wasn't in the headline numbers.
Instead, it was management's decision to stop reporting quarterly subscriber numbers, which marks a fundamental shift in how investors may view the business.
For years, subscriber growth was the benchmark Netflix was judged by. The stock has a history of swinging wildly based on its quarterly subscriber growth and how it compares with management's own guidance and investor expectations.
Source Fool.com
Netflix Inc. Stock
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..