Fri Mar 07 16:50:00 UTC 2025: ## Netflix Subscriber Growth to Slow After Password Crackdown Boom, Analysts Predict
**New York, NY** – Netflix’s impressive subscriber growth, fueled by a crackdown on password sharing, is expected to significantly slow in the coming quarters, according to a new report from equity research firm MoffettNathanson. While the streaming giant reported a record 18.9 million new subscribers in the fourth quarter of 2023, surpassing Wall Street expectations, MoffettNathanson argues this surge primarily reflects existing users paying for their own accounts rather than a significant influx of new customers.
The firm’s analysis suggests that Netflix has successfully monetized its existing user base, but this growth is not indicative of a broader expansion of its overall viewership. This anticipated slowdown adds uncertainty to Netflix’s future, especially given the company’s recent announcement that it will cease reporting subscriber figures starting in Q1 2024, making it difficult to accurately gauge the extent of any decline.
Despite this prediction, Netflix stock remains a moderately bullish investment, holding a consensus Moderate Buy rating among analysts. However, MoffettNathanson maintains a neutral rating on NFLX stock, with no price target, highlighting the potential for future market volatility. The stock itself has seen a 58% increase over the past year, and currently boasts an average price target of $1,100.57, representing a potential 15% upside.
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