The Long-Term Trend That Makes Netflix an Awesome Buy
Netflix (NASDAQ: NFLX) has become a clear alternative for cable.
Instead of spending big money each month for a traditional pay-television package, people can cut the cord, and pay for the streaming service. That's trading a bill that averaged just-under $70 a month for the average American at the end of 2015, according to Federal Communications Commission (FCC) data for a $9.99 a month bill.
Of course, many people pay more than that for cable, making the idea of dropping it even more appealing. That's something that has been happening in ever-increasing numbers, which is very good news for Netflix.
Source: Fool.com
Netflix Inc. Stock
€581.60
-0.440%
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 €.
