Netflix Stock Can Double in Three Years: RBC

Shares of Netflix Inc. (NFLX), down nearly 20% in the one-month period through Friday close, can double from $300 to $600 by 2021, according to one bull on the Street, and as outlined by CNBC. Netflix Has Already Won the Streaming Game, Writes Bull. The Los Gatos, Calif.-based on-demand entertainment giant has suffered amid a larger market sell-off this year, which has weighed heavily on America's once red hot FAANG stocks. Netflix shares managed to regain some of their strength after posting better than expected subscriber growth and profits above the consensus estimate in its third-quarter report posted in mid-Oct, yet slid again last week.