Latest News

Goldman Sachs picks its top video streaming stocks — and says one is particularly cheap

0
Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

Tomasz Zajda / EyeEm | EyeEm | Getty Images

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:

A ‘tidal wave’ of Chinese companies rush into the red-hot IPO market in the U.S.

Previous article

A ‘tidal wave’ of Chinese companies rush into the red-hot IPO market in the U.S.

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News