Tech Stocks This Week: Netflix, Inc.'s Price Increase, Google's Product Launch, and More
Tech didn't fail to deliver some interesting fodder for investors this week. Netflix (NASDAQ: NFLX) decided that customers are willing to pay more, Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google launched a huge new lineup of its Made by Google products, and Tesla's (NASDAQ: TSLA) Model 3 production missed management's target by a mile.
Here's what investors should know.
On Thursday, streaming-TV giant Netflix surprised investors when news surfaced that the company planned to raise prices on several of its plans. Beginning in November, it will charge $10.99 a month for its standard service, which currently costs $9.99 a month and allows for two screens to use the service simultaneously. In addition, the monthly price for Netflix's four-screen, top-tier plan will increase from $11.99 to $13.99, Mashable reported. The basic plan, which allows for only one screen to watch Netflix at a time, is expected to remain the same, at $7.99.
Source: Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 80 Buy predictions and 7 Sell predictions.
With a target price of 649 € there is a slightly positive potential of 2.3% for Netflix Inc. compared to the current price of 634.4 €.
