Netflix Stock Forecast: COVID-19 Is Helping NFLX Ascent To $400
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
- Statista already projected that the new coronavirus pandemic, COVID-19 can boost subscriber growth of Netflix by as much as 30%.
- Aside from playing video games, watching streaming video is currently the best entertainment for billions of quarantined people.
- The cheap $3 mobile-only plans for Asian customers will likely help Netflix achieve 200 million subscribers before 2020 ends.
- Robust subscriber growth will help Netflix maintain its momentum and help improve its future profitability.
- The stock picking AI of I Know First has a super bullish one-year market trend forecast score for NFLX, $658.05.