This also means that in the near future, if you want the most out of your Netflix, you might have to pay up more.
Forever, over-achiever
Last week, research firm Bernstein announced that it expects Netflix to achieve a subscriber base of 90 million in the US alone in less than 10 years, upbeating Netflix’s own estimate of 60 to 90 million subscribers for this period. Netflix now has about 57 million customers in its home market.
The predictions, that came after a survey done back in May, might seem far-fetched to many investors, but the research firm ensured its outlook by stating that pay-TV market reached its threshold at 100 million customers in the US.
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Last month, due to extreme optimism over the streaming giant, GBH Insights raised the price target to $500 from the previous target of $400. That time, the price target of $500 represented the highest, compared to the other price targets set by analysts covering the stock.
