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Netflix Has 30% Upside, but It Needs to Fight for Every Subscriber, Says Analyst

·1 min read
Netflix Has 30% Upside, but It Needs to Fight for Every Subscriber, Says Analyst
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Netflix (NASDAQ: NFLX) still has growth ahead of it, but it's not going to come easy and the "gains from here will be grinding," an analyst says. Evercore ISI analyst Mark Mahaney told investors in a research note he surveyed some 1,700 consumers about Netflix and found more than half, or 55%, were "extremely" or "very" satisfied about the service they received from the streamer. As good as that sounds, it's actually down from the 60% range Netflix typically receives, suggesting it is finding "some softness" in the market.