In the FY2020 ended December, Netflix ended the year with 204 million paid memberships, 22% higher y-o-y from that of the FY2019.
PhillipCapital has initiated coverage on Netflix with an “accumulate” recommendation and a target price of US$742 ($1,001.42).
In its report dated Oct 15, analyst Jonathan Woo highlighted that Netflix is seeing a continuing trend of positive net paid additions.
