Piper Jaffray's Still Confident in Netflix
We're now less than a month away from Apple (NASDAQ: AAPL) launching Apple TV+ on Nov. 1, which will be followed by Disney's (NYSE: DIS) competing Disney+ video-streaming service that debuts on Nov. 12. Netflix (NASDAQ: NFLX) investors have been anxious about those forthcoming services all year, with the stock having recently given up all of its year-to-date gains ahead of the looming competition.
CEO Reed Hastings acknowledged last month that it would be "a whole new world starting in November." Hastings added, "It'll be tough competition." However, at least one Wall Street analyst isn't too concerned.
Image source: Netflix.
Source Fool.com
