Why Coinbase Could Be the Netflix of Crypto
(NASDAQ: NFLX) made the recurring revenue strategy look dead simple: "Just" bill millions of people each month for a service that they aren't likely to cancel, reinvest the cash in generating more content for the customers to consume, then repeat the process forever, perhaps hiking prices once in a while along the way.
That model has worked wonders for Netflix, whose stock has soared 1,140% in the last decade.
As cryptocurrency gets its mainstream moment, Coinbase Global (NASDAQ: COIN) is positioning itself to run a similar playbook built on predictable, subscription-like cash flows from investors. Here's what you need to know.
Source Fool.com
Netflix Inc. Stock
€87.10
-0.710%
With 134 Buy predictions and 1 Sell predictions Netflix Inc. is one of the favorites of our community.
As a result the target price of 110 € shows a positive potential of 26.29% compared to the current price of 87.1 € for Netflix Inc..
