Netflix still holds a plenty of upside potential despite a dismal second quarter, says Rich Greenfield, one of Wall Street’s most closely followed media analysts.
“It’s had its volatility, but where is the business going? People are cutting the cord,” suggesting a major secular tailwind for the streaming giant in the years ahead, said the BTIG analyst on CNBC’s Fast Money.
Shaky numbers not enough to derail long-term growth
Greenfield also stated that competition concerns may be overstated.