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Markets · Investing · Business
Finance
Where Will Netflix Stock Be in 3 Years?
The story has changed at Netflix, but the stock remains quite appealing.
Netflix(NASDAQ: NFLX) has been a bona fide growth stock for two decades. But all companies mature at some point, and that time has come for the streaming giant. The story is becoming less about subscriber growth and more about pricing power and monetization levers that will power the company's earnings growth.
It hasn't been a smooth transition for Netflix stock, which is still down nearly 40% from its highs seen last summer. Fortunately, I don't think the pain and anguish of falling stock prices will last much longer. Here's why the next three years look promising, and what that could mean for your portfolio.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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