Apr 20, 2022
Netflix stock (NFLX) has been on the decline since the company has been suffering reduced subscribers which has greatly impacted its revenue. However, the stock has surged today after Netflix hinted at a password-sharing crackdown.
To help stock investors interested in investing in Netflix, Invezz has created a brief article on where to buy the stock.
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What is NFLX stock?
Netflix stock is the stock of Netflix, Inc. It trades in the US on the NASDAQ Stock exchange under the symbol NASDAQ: NFLX.
For those coming across Netflix for the first time, it is an American subscription streaming service and Production Company that allows viewers to watch different films and television series.
Netflix was founded in August 1997
Should I buy NFLX stock today?
If you want to invest in an entertainment company’s shares, then the NFLX stock could be a good choice.
Nonetheless, it is important to note that it is not completely vindicated that password sharing is the reason why the subscribers are reducing. Therefore, if the crackdown does not solve the issue, the stock could continue the drop.
Netflix stock price prediction
Analysts believe the looming password-sharing crackdown could seal the loopholes and lead to an increased number of subscribers; something that would push the stock price up further. They expect the stock to hit $350 by end of April if the crackdown works.
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