's war on password sharing is going better than expected – and that could fuel a major surge for the Big Tech stock, according to Bank of America.
"Supported by its world-class brand, leading global subscriber base, and position as an innovator, we believe Netflix is poised to outperform," they added.evidence that the clampdown has been an early successIf the stock were to hit $490, it'd be up 12% from the $436 level it traded at as of Tuesday's closing bell.
On May 23, Netflix shared its plan to reduce password sharing in the US, as part of an effort to boost its subscriber numbers after it sufferedto add another user living outside their household to their account.Between May 23 and May 29, Netflix had its"" in at least four-and-a-half years, according to data from the analytics company Antenna.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices face 'battle royale' between Saudi Arabia and the Fed: BofAOil prices are facing a 'battle royale' between Saudi Arabia and the Federal Reserve, Bank of America says
Source: BusinessInsider - 🏆 729. / 51 Read more »