Netflix Bull Says ‘Bulletproof’ Service Can Handle Disney+ Challenge
- New survey suggests only 7% of subscribers may cancel Netflix
- Shares of Netflix have climbed 8.4% since Disney+ announcement
This article is for subscribers only.
Netflix Inc. is well positioned to withstand the threat of Disney+, according to Piper Jaffray.
“New entrants into a growing market should not be a surprising phenomenon” and investors can be confident the world’s largest streaming service will be able to handle the competition, Michael Olson wrote in a note to clients Monday, reiterating his buy recommendation on the stock. “Netflix has, thus far, been relatively bulletproof.”