The Netflix Buy Case Just Got Even Stronger
Netflix (NASDAQ: NFLX) was one of the best-performing stocks of the 2010s, but for much of the current decade, the once-meteoric growth stock has struggled to achieve liftoff.
The company got a temporary boost from the pandemic, only to give it all back and then some when the economy reopened in 2022, and it lost subscribers two quarters in a row. Since then, the streaming leader has regrouped, launching initiatives that some investors had long asked for, such as adding an ad-supported tier and cracking down on password sharing.
The results of those moves have been overwhelmingly successful with the stock up 47% year to date, even as many of its streaming peers like Disney and Warner Bros. Discovery are trading near 52-week lows.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.54% compared to the current price of 581.6 € for Netflix Inc..
