A reputable analyst, Guggenheim, sees Netflix stocks to hit the $160 per share price in the next 12 months
Netflix Inc. is leading the video content market for a long time now. The company started providing online video content service back in 2007 and since then it has promised not to stop expanding at any cost. It is now considered to be the power house of top notch content and provides its services to more than 70 million subscribers in almost 80 countries. The company started to gain traction from its original production which began with a political drama series House of Cards and went on with the new launches of Orange is the New Black and Narcos.
With its original content programming, the streaming giant has increase its popularity among the TV viewers as well as it has been praised by the critics across the globe. The streaming service provider also received eight dominations at the Golden Globe Awards after beating the king of original programming HBO. This proves the domination of Netflix in the TV industry.
Apart from the Golden Globe Awards, the company was in the same situations for the nominations of Screen Actor Guild Awards. Netflix easily managed to make its name in the list of ten different categories of nomination. The nominations included Kevin Spacey along with his co-actor Robin Wright from the popular House of Cards and Uzo Aduba from Orange is the New Black. Idris Alba also bagged a nomination for Beasts of No Nation.
The company announced that it will be doubling its original content division next year. The company will be closing this year on a high and this will have a great positive impact on Netflix stocks next year when the New Year starts.
It is not only TV and film critics that are currently applauding and appreciating the quality content Netflix is providing to its viewers but it seems that Netflix is favored and appraised at the Wall Street as well. The analysts at Wall Street have joined that ‘I Love Netflix’ bandwagon as well. A famous analyst, Guggenheim, mentioned in his detailed report that receiving so many nominations in the Golden Globe awards and SAG will contribute positively towards its subscription growth. The company’s current focus is to expand its services across the globe hence it is planning the right way to be in 200 countries by the end of 2016.
Based on the performance Netflix has put up this year, analysts believe that the stocks can move up to $160 per share easily in the next 12 months.