Netflix’s (NFLX) controversial password sharing crackdown strike US consumers on Tuesday, and analysts keep on being bullish on the initiative’s capability to include incremental profits advancement for the firm.
CFRA analyst Ken Leon informed Yahoo Finance the password sharing crackdown will changeover Netflix into “a stronger small business,” adding, “it is an option to really create the business enterprise to a extra loyal subscriber foundation.”
Netflix inventory rose quickly following Tuesday’s announcement right before sinking 2%. Shares recovered on Wednesday with the inventory closing the day up about 2.5%. Shares were down a modest 1% on Thursday.
Leon, who has