Netflix stock drops after Needham turns bearish, says company needs to add an ad tier

Shares of Netflix Inc.

are off 2.4% in premarket trading after Needham analyst Laura Martin downgraded the stock to underperform from hold, writing that she expects the streaming giant to shed 4 million U.S. subscribers in 2020 due to the high price of its service relative to other streaming offerings. "We believe Netflix must add a second, lower priced, service to compete with Disney+, Apple+, Hulu, CBS All Access and Peacock, each of which have $5-$7/month choices," Martin wrote.

netflix gross income of aprox 2Billion month 24Billion year, its very simple global price strategy, Netflix can dominate the market in a Snap.

Citi I disagree with their analysis, as of today, i checked every possible competitor to netflix , there is none, if you metric is users only, point is netflix is really Global & multi-language. Users move by price & value of content. Disney is not competition.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These companies have low labor costs that can turn into a stock payday for youInvestors should focus on 'stocks with low labor costs, which are relatively insulated from wage pressures.'
La source: MarketWatch - 🏆 3. / 97 Lire la suite »