#5 - Netflix (NASDAQ:NFLX)
As the streaming business begins to look more and more like a bundled cable TV service, Netflix Inc. (NASDAQ: NFLX) still manages to stand out. The company has successfully instituted two moves that have boosted the company’s top and bottom lines. The first was the launch of a low-price, ad-supported tier. The second was a crackdown on the practice of password sharing.
The NFLX stock chart correlates with the strong year-over-year revenue and earnings growth in the last 18 months, and NFLX stock has recently reached an all-time high. This has led to a valuation that is drawing mixed reviews from analysts about the stock’s short-term prospects, particularly as the company has announced it will discontinue providing subscriber data in its quarterly earnings reports.
But this is about investors who are looking for stocks to own for the long haul. Netflix is continuing to adapt to the new streaming landscape. For example, it has exclusive rights to two National Football League (NFL) games on Christmas Day which is the company’s first major foray into live sports.
About Netflix
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
Read More - Current Price
- $729.58
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $697.35 (4.4% Downside)
