Sweeping the Netflix Landscape: Cracking Down on Password Sharing Could Lead to 36M New Subscribers
Portfolio Pulse from Anusuya Lahiri
Netflix has initiated a password-sharing crackdown, which could potentially lead to 36 million new subscribers. The company introduced new features to help with the transition, and Oppenheimer analyst Jason Helfstein maintained an Outperform rating on Netflix, raising the price target from $415 to $450.
May 24, 2023 | 4:26 pm
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Netflix's crackdown on password sharing could lead to 36 million new subscribers, and Oppenheimer analyst Jason Helfstein raised the price target from $415 to $450.
The crackdown on password sharing is expected to increase Netflix's subscriber base, leading to higher revenues. The Oppenheimer analyst's raised price target and Outperform rating also indicate a positive outlook for the stock. This news is highly relevant and important for investors, as it directly impacts Netflix's growth and stock price.
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