Does the Future of Netflix Hold Promise or Disappointment?

Is the recent rise in Netflix (NFLX) stock a false indicator of the company’s overall growth? Equity Research Analyst, Michael Pachter, explains the company may suffer from the inability to produce new content over the coming months as users binge throughout the Pandemic. While appearing on Bloomberg, he expressed how he sees difficult times ahead as competitors saturate the market with content and consumers look for lower priced streaming options.