#5 - Netflix (NASDAQ:NFLX)
Neftlix Inc. (NASDAQ: NFLX) stock is up 85% in the last 12 months, but the best may be yet to come for NFLX stock. Heading into 2023, Netflix faced two issues that threatened growth. First, some consumers were dumping the platform due to rising prices and streaming fatigue. Second, the company was looking to crack down on password sharing.
To say the least, Netflix has made a successful transition and broadened its customer base. As part of that transition, the company is now generating significant digital advertising revenue, which can support its production of original content.
In December, Netflix will make its first splash into the National Football League (NFL) market, streaming two games exclusively on Christmas Day. This is likely the first in a series of steps the company will make to capture market share in the live sports market.
At 38x earnings, you’ll pay a premium to own NFLX stock, and some analysts believe that it will be tough for the streaming giant to continue its outsized growth. However, the company has earned the benefit of every doubt.
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
- $896.05
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $764.82 (14.6% Downside)
