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Down 5% in 2021, Will Netflix Rebound?

Published 05/03/2021, 10:04 AM
Updated 05/03/2021, 11:31 AM
© Reuters.  Down 5% in 2021, Will Netflix Rebound?

© Reuters. Down 5% in 2021, Will Netflix Rebound?

Shares of Netflix (NASDAQ:NFLX) have seen their prices plunge recently because of a slowdown in subscriber growth and production delays. However, as the dominant streaming company increases its content spending significantly this year to deliver more titles to its members, the company should generate substantial user growth in the coming months. So, we think the stock should rebound quickly. Read on.The video streaming video giant Netflix, Inc. (NFLX) has seen an exponential increase in its subscription base in recent years, and its stock has gained 22.3% over the past year. But its stock price has declined 5% year-to-date, due to a slowdown in growth after a COVID-19-pandemic driven boom last year and a lighter content slate in the first half of this year because of production delays.

In the second half of this year, however, new seasons of NFLX’s biggest and most popular shows and an exciting movie lineup should allow the stock to regain its momentum.

With more people replacing their traditional cable services with streaming services to reduce costs and access more varied content, we believe Netflix’s stock is poised for a turnaround. Here is what we think could shape NFLX’s performance in the near term:

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