Netflix stock could double to $200 over the next three years, according to Mark Mahaney, the lead internet analyst at RBC Capital Markets.
“Amongst the FANG [Facebook, Amazon, Netflix, Google] names, this is the one that’s most underperformed,” he told CNBC on Thursday.
Why is Mahaney so bullish on Netflix?
The increase in stock price would roughly correlate to subscriber growth, Mahaney explained. “We think it’s going to double to be 150 to 160 million [global] subscribers in a couple of years.”
Wall Street has been split on Netflix. Much of the controversy revolves around subscriber growth, both in the US and read more >>>