NFLX | Netflix, Inc.
Netflix is the world's leading streaming entertainment service with over 195 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
Netflix's revenue for the year 2020 reached $25, an increase of 24% from 2019.
We are fast approaching the end of January which means one thing in the investing world: the first earnings season of the year.
The COVID-19 stay-at-home quarantine caused Netflix subscriptions to go into hyper speed as the company posted 110% subscriber growth in the first half of 2020.
The company’s third quarter forecast disappoints investors, the stock is down 10%.
Analyst Heath Terry raised his price target on the stock from $540 to $670.
