Netflix Stock: How Much More It Can Gain, According to a Wall Street Analyst

Netflix Stock Is Up 50% This Year. Can It Keep Going?

Netflix stock has been on a tear this year, up 50% since January 1st. The stock has been helped by strong subscriber growth, as well as the company's success in producing original content that has been well-received by critics and viewers.

However, some analysts are wondering if Netflix can keep up its momentum. The company is facing increasing competition from other streaming services, and its stock price is already at all-time highs.

What Do the Analysts Say?

One Wall Street analyst who is bullish on Netflix is Michael Pachter of Wedbush Securities. Pachter has a price target of $550 on Netflix stock, which would represent a 25% upside from its current price.

Pachter believes that Netflix still has a lot of room to grow, especially internationally. He notes that Netflix has only 100 million subscribers in the United States, but there are over 1 billion people worldwide who have access to the internet.

Other analysts are not as optimistic about Netflix.

• Some analysts believe that Netflix is overvalued and that its stock price is due for a correction.
• Other analysts believe that Netflix will face increasing competition from other streaming services, such as Amazon Prime Video and Hulu.

What Should Investors Do?

If you're considering investing in Netflix, it's important to do your own research and understand the risks involved. Netflix is a volatile stock, and its price could fluctuate significantly in the future.

However, Netflix is also a well-established company with a strong track record. The company has a loyal customer base and a strong pipeline of original content. If you're comfortable with the risks involved, investing in Netflix could be a good way to capitalize on the growing demand for streaming video.

Conclusion

Netflix stock has had a great run this year, but it's important to remember that the stock market is always changing. If you're considering investing in Netflix, it's important to do your own research and understand the risks involved.