Netflix (NFLX) posted a second straight quarter of impressive (albeit Covid-induced) subscriber growth in its most recent results. The streaming services has undoubtedly been one of the biggest beneficiaries of months of lockdown - but can its winning streak continue?
Morningstar senior analyst Neil Macker increased his fair value on the stock to US$200 (£153.13) from US$160 (£208.98), to take into account growing revenues as a result of a growing subscriber base. But the world’s largest streaming service remains a one-star stock, overvalued by some 150%, with an uncertainty rating of “very high”.
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