If Netflix doesn't introduce a lower-priced option in the US next year, Needham says the stock 'starts to become attractive around $260 per share.'
Netflix was downgraded to"underperform" by Needham analyst Laura Martin Tuesday. She also estimated it will lose 4 million subscribers in 2020. Shares of Netflix sank roughly 2% early Tuesday. Martin argues that a second, lower-priced subscription option would help Netflix going forward. Without one, she writes that it won't be able to compete with other streaming services. Watch Netflix trade live on Markets Insider.
Netflix was downgraded to"underperform" by Needham analyst Laura Martin Tuesday. She also estimated it will lose 4 million subscribers in 2020. Shares of Netflix sank roughly 2% early Tuesday. Martin argues that a second, lower-priced subscription option would help Netflix going forward. Without one, she writes that it won't be able to compete with other streaming services. Watch Netflix trade live on Markets Insider.
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