Anticipation of
Netflix
coming ad-supported system has lifted the cost of shares. Pivotal Investigation says that optimism is misguided.
On Tuesday, analyst Jeffrey Wlodarczak reiterated his Sell ranking and $175 cost target on
Netflix
stock (ticker: NFLX). Wlodarczak says the streaming giant’s shift to give an advertisement-supported tier is unlikely to aid Netflix return to yearly subscriber progress in its critical North American current market as about 80% of U.S. homes are existing subscribers. Plus, he provides, there is a major hazard to common profits per person as prospects transform away from what could be a “less eye-catching advert-supported services.”
Anticipation of
Netflix
coming ad-supported system has lifted the cost of shares. Pivotal Investigation says that optimism is misguided.
On Tuesday, analyst Jeffrey Wlodarczak reiterated his Sell ranking and $175 cost target on
Netflix
stock (ticker: NFLX). Wlodarczak says the streaming giant’s shift to give an advertisement-supported tier is unlikely to aid Netflix return to yearly subscriber progress in its critical North American current market as about 80% of U.S. homes are existing subscribers. Plus, he provides, there is a major hazard to common profits per person as prospects transform away from what could be a “less eye-catching advert-supported services.”
