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.
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Source Fool.com
Netflix Inc. Stock
€64.11
0.330%
The stock is one of the favorites of our community with 123 Buy predictions and 3 Sell predictions.
With a target price of 100 € there is a hugely positive potential of 55.98% for Netflix Inc. compared to the current price of 64.11 €.
