January 6, 2017
Netflix Shares Sores to 55$ and is now valued at almost $90 billion5 min read
Shares of the streaming giant Netlix soared 55% in 2017 and have already increased by another 7% in the first two trading days of 2018 to an all-time high. Netflix is now worth nearly $90 billion.
Investors should be able to just Netflix and chill for the foreseeable future, meaning, sit back and relax as Wall Street is still very optimistic about Netflix’s future.
Despite current competition from Amazon and Hulu and the looming threat of more streaming options from Apple and the proposed combination of Disney and the movie studios of Twenty-First Century Fox , investors don’t seem worried.
A Research analyst wrote in a recent report that Netflix is still comfortably in front of all its peers in streaming thanks to tens of billions of dollars invested on content.
The popular content includes original programming hits like “Stranger Things,” “The Crown” and “Orange is the New Black” as well as licensed shows such as “Daredevil,” “Jessica Jones,” “Luke Cage” and others based on Marvel-Disney characters.
They added that the upcoming Disney streaming service, which is not expected to launch until another two years from now, won’t hurt Netflix either. Disney will be able to take its Marvel movies with it, but the TV shows would stay with Netflix.