Netflix Stock Could Grow With Potential Price Hike

NetflixNetflix Inc. (NASDAQ: NFLX) looks set to increase its U.S. prices before the end of the year. The streaming company increased Canadian prices earlier this month, signaling that it was preparing for a similar move in its largest market. A price increase would raise revenue, helping to support the company’s expansion.

7 of the Biggest Mistakes People Make When Choosing a Financial Advisor Learn More

Netflix is the fastest-growing streaming company and it controls the majority of its market. Even with new competitors like Apple and Disney, Netflix is still the preferred choice for American and global households.

Revenue at Netflix has increased consistently over five years. In 2019, revenue was up by 27.62% and gross income was up by 38.28%. The company hasn’t significantly increased its U.S. pricing in more than a year, despite offering an expanded lineup of original programming. If the company increases its pricing in the final quarter as expected, there’s likely to be a significant upside on this stock.

For its momentum and future potential, Netflix is one of the best video streaming stocks today.

Key Data:

  • 1 Year Price Growth: 90%
  • YTD Price Growth: 04%
  • 3 Month Price Growth: 65%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

You May Also Like