Here's Why the Lack of Disney Films Won't Hurt Netflix
There's no reason to worry that Netflix (NASDAQ: NFLX) is losing its content deal with Walt Disney (NYSE: DIS), says Bernstein analyst Todd Juenger. The company's most important growth markets never had any Disney content to begin with, so why panic?
The analyst note pushed Netflix shares more than 3% higher on Wednesday, bringing the stock just 4% below the levels it held before Disney's decision. As it happens, Juenger is absolutely right.
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
€602.50
0.750%
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
However, we have a potential of -0.91% for Netflix Inc. as the target price of 597 € is below the current price of 602.5 €.
