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Netflix’s US growth is stalling — but there’s another 30 million subscribers to be had, Bernstein says
"90 million subscribers strikes many investors as very hard to believe," the firm said in a note to clients Tuesday. "We believe Netflix is a superior product for entertainment programming, in almost every way, compared to conventional TV, so why not?"
Netflix is one of the top-performing US stocks this year, far outpacing the S&P 500. Shares hit a record high on Thursday morning.
The streaming giant is expected to post modest growth at home in the US, and even more from abroad.