French supermarket chain Carrefour (FR:CA) and American streaming giant Netflix (NASDAQ:NFLX) are coming together to give customers the first-of-its-kind food and entertainment plan. The Carrefour Plus plan offers a 10% discount on all its own-brand products plus a Netflix Standard ad-tiered streaming plan for €5.99 a month.
The plan will initially be launched in the Rouen and Bordeaux cities of France and rolled out to other cities based on its successful testing. Customers can subscribe to the plan on the Netflix France website and across 108 Carrefour stores. At the same time, 10 of Carrefour’s locations will offer Netflix merchandise, including t-shirts, mugs, bags, and posters of leading Netflix titles. Moreover, subscribers can get free home delivery on orders above €60.
For Carrefour, the new plan means offering more services and value to customers. Meanwhile, for Netflix, the plan will help its streaming services expand its reach and attract more subscribers while promoting its cheapest-priced plan.
What is the Stock Price Forecast for Carrefour?
On TipRanks, the Carrefour SA share price forecast of €20.70 implies 25.6% upside potential over the next twelve months. Also, CA stock has a Moderate Buy consensus rating based on two Buys versus three Hold ratings.
Is It Good to Invest in Netflix Stock?
On TipRanks, NFLX stock has a Moderate Buy consensus rating based on 25 Buys and nine Hold ratings. The Netflix share price forecast of $496.63 implies 3.2% upside potential from current levels.
