Analysts at Goldman Sachs have picked their favorite video streaming stocks in a hotly competitive market, as firms add new subscribers, productions resume and the economy reopens after coronavirus lockdowns.
Media companies had to postpone shoots as the pandemic hit last year, while also contending with cord-cutting, an ad decline and a fierce rivalry over subscribers.
Last week, streaming giant Netflix reported a dramatic slowdown in subscribers and saw shares fall as much as 7% the following day as it said production pauses caused slower paid membership growth.
Now, as other firms are set to report quarterly earnings, Goldman analysts led by Brett Feldman listed top U.S. streaming picks in a research note published Tuesday, with one “significantly undervalued and underappreciated,” by investors.
Goldman’s two buy-rated streaming stocks are:
News Source: cnbc