In the midst of a painful year that saw Netflix stock plummet nearly 69 percent, Wedbush said, the streaming company will bounce back as it makes drastic changes to minimize disruptions and address issues. its subject. “We think Netflix is positioned to exceed its guidance for Q2, especially given the incredible release date for Ozark,” wrote analyst Michael Pachter in a note to clients. “While it’s possible the company will once again issue upbeat guidance for Q3, we think the staggered release date for Stranger Things will ease disruption, and again, we think Netflix positioned for growth.” Shares of Netflix have fallen in recent weeks after the company reported a staggering drop in subscribers last quarter. Pachter equated the company’s losses to “deep saturation” in the US and Canada. However, Netflix is making “meaningful changes” to its business model, including its distribution strategy. He likes the company’s plan to roll out ad-supported subscriptions and reduce chaos by spreading popular content. “The company has taken small steps to address the issue by splitting seasons for Ozark and Stranger Things,” Pachter wrote. “In our view, this experiment would be a resounding success if extended to all Netflix originals, and we believe the company will eventually move in that direction.” Pachter upgraded the stock to better-than-neutral growth, noting that Netflix is unlikely to recover to its 2021 price for a while, but its stock could rise 49% from its closing price. door on Friday. Shares fell to their lowest level since 2017 last week. Pachter has been negative on stocks for a long time. Analysts referenced in the note downgraded Netflix to underperform in 2011 due to concerns about more competition. Pachter, who upgraded the stock to a holding in March, writes: “Our 2011 forecast is eight years too early because Disney doesn’t offer its own competing service until November 2019. – CNBC’s Michael Bloom contributed reporting