For streamers, today could be some good news. Comcast (NASDAQ:CMCSA) is revealing a major new bundle price for Peacock, Netflix Basic (NASDAQ:NFLX), and Apple TV (NASDAQ:AAPL) all in one package. The price isn’t half bad, either, and the news was enough to give Netflix a fractional boost in Tuesday afternoon’s trading.
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We first found out about the bundle in question last week, but now we have a name and pricing. Known as StreamSaver, the package will boast Netflix along with the other two somewhat lesser names in streaming for $15 a month, but apparently only for Comcast subscribers. That still represents a discount of about 35% against the cost of each service purchased individually.
Meanwhile, Comcast is also poised to add Netflix and Apple TV+ to its Now TV package, which will run $30 a month. It’s just $20 a month in its base form, which is Peacock and 40 ad-supported streaming channels.
More Plans Waiting
This is just part of the package for Netflix, as word from Greg Peters, co-CEO, notes that there’s quite a bit more on tap. It’s currently working on a new platform that will adjust itself to your tastes and present content accordingly. For instance, those who find themselves watching a lot of cartoons on Saturdays will find their recommended roster stuffed with the best in animated fare upon firing up the app on a Saturday.
Considering Netflix’s recent successes, particularly in terms of its ad-supported tier launch and its crackdown on password sharing, Netflix has reason to be confident. Whether this latest attempt will be a hit or not remains to be seen.
Is Netflix Stock a Buy or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on NFLX stock based on 23 Buys, 12 Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 77.94% rally in its share price over the past year, the average NFLX price target of $656.64 per share implies 1.76% upside potential.
Is It Wise to Allocate $1,000 Toward NFLX Stock Right Now?
Before you hurry to invest in NFLX, think about the following:
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