These Analysts Missed Out on Netflix’s $250 Billion Rally
Skeptics outline the case against the world’s most popular paid streaming service.
The Netflix Epic building in Los Angeles, California, US, on Thursday, Oct. 3, 2024.
Photographer: Kyle Grillot/BloombergNon-baseball fans are likely tired of hearing me talk about the game. But a battle between the sport’s two most famous franchises, the Yankees and Dodgers, has become a proper pop culture moment. World Series tickets are selling for as much as $20,000. TV ratings are at their highest in seven years. The excitement validates the free spending approach of the teams, which have two of the largest payrolls in baseball. And Friday night… holy crap.
On Monday’s episode of The Town, Matt Belloni and I talked about whether Netflix is overrated, underrated or properly rated by Wall Street investors. That’s also the subject of this week’s newsletter, in which I spoke with the few analysts who think Netflix is overvalued.