Taking a Hard Pass on Netflix Stock? This Could Change Your Mind
In the face of decades-high inflation and the worst stock market downturn since 2008, (NASDAQ: NFLX) was largely written off by investors. The stock plunged 51% in 2022, marking its worst showing since 2011. Investors were skittish, and with good reason. Revenue edged just 6% higher for the year, while net income slumped 12%.
What a difference a year makes. Netflix just turned in its fourth successive quarter of accelerating subscriber growth, closing out 2023 in fine fashion. Not only that, but by some accounts, the company delivered its best-ever fourth quarter, silencing some of its most vocal critics. The results provided additional evidence that Netflix's growth is far from over.
How did the company mount a comeback for the ages? Let's take a look.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 82 Buy predictions and 8 Sell predictions.
With a target price of 608 € there is a slightly positive potential of 4.54% for Netflix Inc. compared to the current price of 581.6 €.
