Why Netflix Stock Got Rocked Today
A pricey acquisition agreed to by two peers in the entertainment industry has left (NASDAQ: NFLX) in the cold, and Mr. Market punished the company for it on Tuesday. That, plus a media report stating that the video streaming giant tried but failed to buy the target company in that deal, pushed its stock down by nearly 4%.
That acquisition was announced before market open Monday. Legacy media and entertainment company Fox Corporation is buying video streaming company Roku in a cash-and-stock deal valued at $22 billion.
Image source: Getty Images.
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..
