Password Crackdown Could Push Netflix Stock Up 31% to $680: Analyst
A long-awaited crackdown on password sharing could push the stock of Netflix (NASDAQ: NFLX) to new all-time highs over the course of the coming year.
That's according to Bank of America Securities analyst Nat Schindler. On Friday, Schindler addressed reports that Netflix has begun to discourage password sharing. "We view any potential password crackdowns as tailwind and Netflix is in a strong position to continue price increases in 2021," Schindler wrote in a note to clients on Friday.
Image source: Getty Images.
Source Fool.com
