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
€71.01
0.240%
The stock is one of the favorites of our community with 124 Buy predictions and 2 Sell predictions.
With a target price of 111 € there is a hugely positive potential of 56.32% for Netflix Inc. compared to the current price of 71.01 €.
