How Netflix Crushed It in 2017
Netflix (NASDAQ: NFLX) shareholders beat the market by a wide margin in 2017 as the streaming video giant grew from a $52 billion market capitalization to over $80 billion. A few big things went right for the business, and these developments added weight to CEO Reed Hastings' prediction that the subscription internet TV revolution is "likely to be very big and enduring."
Netflix executives believe the adoption of internet TV will be comparable to the shift from radio to broadcast television that sparked decades of phenomenal growth for content producers and distributors. 2017 gave investors a taste of what that expansion could mean for industry's leading service.
Image source: Netflix.
Source: Fool.com
Netflix Inc. Stock
€64.11
0.330%
With 123 Buy predictions and 3 Sell predictions Netflix Inc. is one of the favorites of our community.
As a result the target price of 100 € shows a very positive potential of 55.98% compared to the current price of 64.11 € for Netflix Inc..
