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  • September 2022 (Revised October 2022)
  • Case
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Bear to Bull: An Analyst’s Journey with Netflix

By: Aiyesha Dey, Joseph Pacelli, Jennifer G. Lawson and Tom Quinn
  • Format:Print
  • | Language:English
  • | Pages:19
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Abstract

Wedbush Securities analyst Michael Pachter said “hell freezing over” was more likely than him upgrading the “sell” rating he had maintained on movie and television streaming giant Netflix since 2011, despite meteoric subscriber and share price growth. In 2022, however, Pachter raised his rating – twice. The case explores the sell-side equity analyst industry, Netflix from the perspective of an equity analyst, Pachter’s “bear” thinking through the years, and his logic in becoming a “bull.”

Keywords

Accounting; Asset Pricing; Cash Flow; Investment; Stocks; Equity; Analysis; Attitudes; Financial Services Industry; Entertainment and Recreation Industry; United States

Citation

Dey, Aiyesha, Joseph Pacelli, Jennifer G. Lawson, and Tom Quinn. "Bear to Bull: An Analyst’s Journey with Netflix." Harvard Business School Case 123-001, September 2022. (Revised October 2022.)
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About The Authors

Aiyesha Dey

Accounting and Management
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Joseph Pacelli

Accounting and Management
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Related Work

    • September 2022 (Revised October 2022)
    • Faculty Research

    Bear to Bull: An Analyst’s Journey with Netflix

    By: Aiyesha Dey, Joseph Pacelli, Jennifer G. Lawson and Tom Quinn
Related Work
  • Bear to Bull: An Analyst’s Journey with Netflix By: Aiyesha Dey, Joseph Pacelli, Jennifer G. Lawson and Tom Quinn
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