#2 - Netflix (NASDAQ:NFLX)
Netflix (NASDAQ: NFLX) - Another stock that is off to a fast start in 2019 is Netflix. So far in 2019, the stock has surged 38% after falling victim to the correction that befell the broader market in December 2018. The question that investors seem to be shrugging off is the effect that Walt Disney’s new streaming service will have on the streaming giant’s subscriber base. Recent surveys project up to 14% of Netflix subscribers will drop their service in favor of Disney. On the other hand, 20% of current subscribers anticipate they will subscribe to both services. Perhaps more significantly, Netflix showed strong subscriber growth in the first quarter of 2019. This is important because Netflix recently increased the price of their service so adding subscribers at a time when they are raising prices is a strong revenue story. A larger question that investors continue to monitor is whether the company’s original content can help offset the content they will be losing from Disney. Programming such as “House of Cards” put Netflix on the map. In 2019, the company is expected to launch new seasons of some of its most popular series including “Stranger Things”, “Orange is the New Black”, “The Crown”, and “Money Heist”.
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)
