Stranger Things has proven to be one of Netflix’s (NASDAQ:NFLX) biggest hits. Indeed, it was 2022’s most-watched show across all platforms, being streamed for more than 52 billion minutes in total. As a result, Netflix is building on top of this success by announcing a new Stranger Things animated series, which pushed shares slightly higher in today’s session.
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The Duffer brothers, the creators of the show, said that they were thrilled by this because they always dreamed of an animated series “in the vein of the Saturday morning cartoons that we grew up loving.”
However, a look at Wall Street’s expectations suggests that NFLX stock is almost fully valued with less than 5% upside potential. Nevertheless, analysts rate it a Moderate Buy based on 17 Buys, 16 Holds, and two Sells assigned in the past three months.
