Netflix Stock Forecast: Will Netflix survive the streaming war?
This Netflix Stock Forecast article was written by Fernando Szapiro – Financial Analyst at I Know First.
Summary
- People are leaving bundle TV and going to streaming, because it offers a much better service with lower price. Netflix biggest competitor is the bundle tv, and other streaming platforms seems to be complementary.
- Streaming market is expected to expand at a CAGR of 21% from 2021 to 2028.
- Netflix is losing market share to its competitors as the streaming war escalates.
- Forecasts for Netflix remain positive on revenue and subscribers.
- NFLX stock is already considered overvalued, even though few analysts remain bullish.