Netflix Stock Will Surge 25% to $420 in 2020, According to This Analyst
After soaring more than 4,000% over the past decade, Netflix's (NASDAQ: NFLX) shares are poised for even more gains in the year ahead. So says RBC Capital Markets, which has a 12-month $420 per-share target price for Netflix's stock.
RBC analyst Mark Mahaney sees a massive growth opportunity ahead for the streaming leader in international markets, where Netflix is facing less competition. "NFLX's International position may actually be stronger than its U.S. position given weaker all-in entertainment options in most markets," Mahaney said.
Netflix's international growth could drive its stock sharply higher in 2020. Image source: Getty Images.
Source Fool.com
