Will Netflix Continue Previous All-Time Highs?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
In regards to Netflix, Morgan Stanley (NYSE:MS) estimates that there are 79 million broadband-using households in the U.S. and predicts that there will be 89 million by 2017. Further, the firm believes that 45 million to 60 million U.S. households actually have “devices capable of bringing Netflix to TVs,” and expects that number to “converge with broadband households” in time. Based on its growth hypothesis, the firm has lifted its price target on Netflix to $314 from $270.