Netflix is overvalued and could tumble 37% in the next year as the streaming giant’s spending on content weighs down profits, Wedbush says

Wedbush analysts are more constructive on Netflix than ever, but question its valuation and ability to generate free cash flow of more than $1 billion in 2021.

Source: Netflix is overvalued and could tumble 37% in the next year as the streaming giant’s spending on content weighs down profits, Wedbush says