3 Big Reasons Netflix Will Continue to Soar
(NASDAQ: NFLX) may have lost the bidding war for Warner Bros. Discovery, but it might not be a defeat after all. When Netflix's co-CEOs Ted Sarandos and Greg Peters decided not to match Paramount Skydance's $110 billion offer, the company turned its focus to other growth channels.
Acquiring Warner Bros. would've put immense pressure on Netflix's balance sheet. Now, the streaming behemoth can lean on three proven growth pillars to help the stock continue to soar. The three growth channels include aggressively acquiring international subscribers, streaming more live events, and gaming.
All three will help Netflix continue to dominate for years to come -- and that should be good news for investors.
Source Fool.com
Netflix Inc. Stock
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As a result the target price of 110 € shows a slightly positive potential of 19.8% compared to the current price of 91.82 € for Netflix Inc..
