Netflix's stock is on the rise as Wall Street views the streaming service as a key player that is both influencing and benefiting from the disruption in the industry.

Reported 6 months ago

Netflix's stock rose 2% following bullish calls from Wall Street analysts like Morgan Stanley's Benjamin Swinburne, who predicts a 30% upside based on current trading levels. Swinburne sees Netflix as both a driver and beneficiary of industry disruption, anticipating over 30 million subscriber net additions this year and continued double-digit revenue growth next year with initiatives like advertising and password-sharing crackdowns. Additionally, Netflix has secured streaming deals with the NFL and WWE, along with plans for live events and new revenue opportunities like ad-supported tiers and gaming. Shares of Netflix have climbed about 35% since the beginning of the year, primarily due to strong operating execution.

Netflix's stock is on the rise as Wall Street views the streaming service as a key player that is both influencing and benefiting from the disruption in the industry.

You may also interested in these wikis