#5 - Netflix (NASDAQ:NFLX)
It seemed like not that long ago, the term “streaming fatigue” became popular. This proliferation of streaming content options was supposed to signal the end of Netflix Inc. (NASDAQ: NFLX) which was racing to produce original content at a time when other players were scooping up the company’s legacy content.
The reason that’s important is because of the pivot that Netflix has made. The company has managed to launch a basic, ad-based membership tier, its maintained its membership base despite a crackdown on password sharing, it’s improved the scope of its original content, and it’s starting to lean into the live-sports arena.
All of this gives the stock a strong fundamental base that will drive future growth. NFLX stock is up 148% in the last five years. As the price action in the stock has shown, there may be plenty of dips to buy, but the king of streaming is not likely to give up the crown anytime soon.
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
- $697.86
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $704.26 (0.9% Upside)
