Not everyone on Wall Street is on board for the bullish ride Netflix (NFLX) stock has been on in recent months.
Shares of the streaming beast are up 18% in the past three months, blowing away the Nasdaq Composite’s 9% drop amid optimism surrounding Netflix’s upcoming ad-tier service.
Analyst Doug Anmuth estimated in a new note this week that Netflix could drive 7.5 million subscribers to its ad-supported tier in its US and Canada segment in 2023, which could drive $600 million in advertising…
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