Piper Jaffray analyst Michael Olson said Netflix's current share price already reflects increased competition in streaming.
Over the next six weeks, Apple and Disney are set to release their own streaming platforms to compete with Netflix. According to a survey conducted by Piper Jaffray analyst Michael Olson, about 75% of Netflix subscribers don't plan on subscribing to either Disney Plus or Apple TV Plus. Olson, who has the highest price target out of any major-bank analyst that's published research in the past month, said Netflix's current share price already reflects the risks from new competition.
Over the next six weeks, Apple and Disney are set to release their own streaming platforms to compete with Netflix. According to a survey conducted by Piper Jaffray analyst Michael Olson, about 75% of Netflix subscribers don't plan on subscribing to either Disney Plus or Apple TV Plus. Olson, who has the highest price target out of any major-bank analyst that's published research in the past month, said Netflix's current share price already reflects the risks from new competition.
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