Analysts tracking Netflix stock forecast 2021 noted a strong correlation between subscriber growth in Asia-Pacific markets and share price resilience. With emerging economies fueling ARPU gains, Goldman Sachs maintained a buy rating, citing international business diversification. He added that his estimate updates also reflect such trends as “higher net adds, largely driven by Asia Pacific with third-party data indicating higher net adds from emerging markets,” and “slightly lower average revenue per member in the near-term reflecting larger mix from emerging markets and elements of spindown activity (to lower-priced tiers), partially offset by expected price increases starting in 2024, with expectations for U.S./Canada and Europe, the Middle East and Africa, markets first.” "There is nothing specific today, but the market appears to 'blame' Netflix's slowing growth on competition," said Michael Pachter, analyst at Wedbush. "That makes sense, since we have a choice of conventional broadcast via cable or satellite, plus Hulu, Paramount+, Disney+, HBO Max, Amazon Prime, Peacock and Netflix among the premium services, plus a plethora of smaller choices like Discovery, AMC+, Shudder and many others." Netflix stock forecast 2021 ended the year with analysts split over near-term growth, but consensus held that brand strength, original content, and global reach positioned it as a long-term outperformer in the streaming market.
