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home / news releases / NFLX - Netflix: Long Runway To Rally With PEG Below 1x

NFLX - Netflix: Long Runway To Rally With PEG Below 1x

Netflix Inc.

2024-02-08 11:11:48 ET

Summary

  • Netflix's stock has been performing well in 2024, with shares surging over 20% year to date.
  • The company has strong subscriber growth and a promising content slate for 2024.
  • Netflix has new monetization opportunities, including advertising and paid sharing features, which could drive revenue growth.
  • The company trades at a very reasonable 0.8x PEG ratio against FY24 earnings estimates.

While most of the stock market has been stuck in a sideways pattern for the majority of 2024 so far, the sentiment for Netflix ( NFLX ) is decidedly bullish. The leading streaming company has continued to showcase strong subscriber adds in the wake of price increases, while a strong content slate for 2024 is set to continue appeasing the subscriber base....

For further details see:

Netflix: Long Runway To Rally With PEG Below 1x
Stock Information
Company Name: Netflix Inc.
Stock Symbol: NFLX
Market: NASDAQ
Website: netflix.com
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