Barron’s on MarketWatch: How Netflix subscriptions could double by 2025
Driven by huge opportunities in international markets, Netflix is on track to nearly double its subscriber count globally by 2025, Stifel analyst Scott Devitt asserted in a research note Wednesday.
Devitt, who has a Buy rating and $400 price target on Netflix stock , thinks the company can dramatically increase its position in both the EMEA and Asia Pacific regions. He notes that while the streaming video service has reached 55% market penetration in the U.S. and Canada and 39% in Latin... Subscribe or Sign In to continue reading.
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