Netflix stock outlook: 50% upside seen by Wedbush.

Netflix Stock Outlook: 50% Upside Seen by Wedbush

Netflix, the world’s leading streaming entertainment service, has been one of the most popular stocks in the market for years. The company has revolutionized the way people consume entertainment, and its subscriber base has grown exponentially over the years. However, the stock has been underperforming in recent months, and investors have been wondering whether it’s time to sell or hold on to their shares.

According to Wedbush Securities, a leading investment firm, Netflix’s stock has a 50% upside potential. The firm has set a price target of $700 per share, up from its previous target of $600. The firm’s analysts believe that Netflix’s subscriber growth will continue to accelerate, and the company will benefit from its strong content pipeline and international expansion.

Netflix’s subscriber growth has been impressive, with the company adding over 37 million subscribers in 2020 alone. The pandemic has accelerated the shift towards streaming, and Netflix has been one of the biggest beneficiaries of this trend. The company’s strong content pipeline, which includes hit shows like “Stranger Things,” “The Crown,” and “Ozark,” has helped it retain and attract new subscribers.

Wedbush’s analysts believe that Netflix’s content pipeline will continue to be a key driver of subscriber growth. The company has a strong slate of original content planned for 2021, including new seasons of popular shows like “The Witcher” and “You.” The firm also expects Netflix to continue to invest in international expansion, which will help it tap into new markets and drive subscriber growth.

Netflix’s financials have also been strong, with the company reporting record revenue and earnings in 2020. The company’s revenue grew by 24% year-over-year, while its earnings per share increased by 48%. The company’s strong financials have allowed it to invest heavily in content and international expansion, which has helped it stay ahead of its competitors.

In conclusion, Wedbush’s bullish outlook on Netflix’s stock is based on the company’s strong subscriber growth, content pipeline, and international expansion. While the stock has underperformed in recent months, Wedbush’s analysts believe that it has significant upside potential. Investors who are looking for a growth stock with a strong track record and a bright future should consider adding Netflix to their portfolio.