Netflix execs
Reed Hastings (L), co-founder and CEO of Netflix, and Ted Sarandos, Netflix chief content officer, pose for photographs during a news conference in Seoul, South Korea, June 30, 2016

  • Netflix received a Street-high price target of $650 on Wednesday from Pivotal Research Group, representing potential upside of 28% from Tuesday’s close.
  • Pivotal said Netflix is set to continue benefiting from a “virtuous cycle” of growing its subscriber base, increasing its spend on original content, and raising the price of its monthly subscription.
  • Netflix is “due for an increase” in price as early as January 2021, according to Pivotal.
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Netflix is engaged in a “virtuous cycle” of growing its business and extending its lead against other video streaming services, Pivotal Research Group said in a note on Wednesday.

This cycle is just one reason Pivotal increased its Netflix price target to a Street-high $650, representing potential upside of 28% from Tuesday’s close. 

The “virtuous cycle” consists of Netflix growing its user base, which gives the company more capital it can spend on original content, which increases its potential target market, which enhances its ability to make future price hikes, Pivotal detailed.

The situation helps raise the barriers to entry for other streaming services, and Netflix also benefits from increasing broadband speeds, allowing the company to “piggy back for nearly free” on the substantial investments made by telecom companies, Pivotal said.

On top of that, Netflix is due for a price increase as early as January 2021, Pivotal added. Netflix last increased its prices in April 2019 by $1 to $2 for its subscription tiers.

Read more: These 30 global stocks are positioned to stay on top in the 4th quarter as the contrast between a recovering economy and rising

CoinDesk 20 Bitcoin Price Index

Bitcoin was able to hit $10,800 Tuesday before falling on U.S. Pres. Donald Trump’s stimulus tweet. Meanwhile, the DeFi ecosystem’s most popular wallet hit 1 million users.

  • Bitcoin (BTC) trading around $10,555 as of 20:00 UTC (4 p.m. ET). Slipping 1.6% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $10,528-$10,800
  • BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin’s price was able to climb to $10,800 on spot exchanges such as Coinbase Tuesday before falling to as low as $10,528 immediately after President Trump tweeted his rejection of opposition lawmakers’ most recent economic stimulus proposal. 

“One thing that is still hanging over this market is the stimulus,” said Andrew Tu, an executive at quant trading firm Efficient Frontier. “It may take until after the elections for them to reach an agreement, which would be really bad for a lot of Americans relying on government aid.”

Related: This Self-Sovereign ‘DocuSign’ Uses Bitcoin for Digital Proofs

Katie Stockton, an analyst at Fairlead Strategies, says bitcoin has been above the key $10,000 price point for some time, which she considers bullish. “Bitcoin has been consolidating within its uptrend since discovering support near $10,000 a month ago,” Stockton said. The last time bitcoin traded below $10,000 was on Sept. 9.

Daniel Koehler, liquidity manager at cryptocurrency exchange OKCoin, says the aftermath of the BitMEX news still has him optimistic. 

Read More: BitMEX Ether Futures Trading Contracts Fall by Half in Wake of US Charges

“It’s bullish to see that bitcoin trading infrastructure is so strong given that the former largest bitcoin derivatives trading platform can lose 25% of [its] BTC open interest deposits overnight and the markets just shrug it off.” Koehler also noted that open interest in the bitcoin futures market overall is ticking up, hitting $3.8

By Yasmine Jacobs Time of article published22m ago

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Johannesburg – Indwe Risk Services has announced the launch of BluPixl, an all-in-one car and home insurance app that lets consumers choose and manage insurance cover according to their needs.

The app is powered by one of South Africa’s largest independent insurance brokers, Indwe and integrates insurance expertise and smart tech.

“When it comes to choosing insurance, it is often both a daunting and dull experience”, said Peter Olyott, Indwe CEO. “In launching BluPixl, we want to bring convenience, choice and customisation to the fingertips of South Africans. Not only does the platform enable consumers to shop and experience insurance the same way they do with everyday goods and services, but it also serves to assist them in making informed choices.”

BluPixl users can request quotes and get advice on managing policies and submitting a claim.

Users can also instantly start shopping for insurance solutions on their smartphones after downloading the BluPixl app. Once a user has signed up and entered their preferences, the app will begin to fetch and consolidate insurance quotes from South Africa’s top insurers.

The policy comparison functionality and user-friendly design make it easy to view insurance products side-by-side and compare premiums in detail.

The app enables users to customise their insurance cover by choosing one insurer to insure their assets under separate policies. Users also have the option of easily adding to, or removing assets from, a policy.

When it comes time to claim, the in-app claim functionality ensures an efficient and seamless claims process.

The BluPixl app is available for download for IOS and for Android.