'In our view solid subscriber growth (even with higher spend) could turn investor sentiment on a dime,' Włodarczak of Pivotal Research Group wrote.
Netflix is officially in the red for 2019. The stock fell as much as 5.1% on Tuesday, erasing year-to-date gains that exceeded 43% as recently as May. The final push into negative territory came on Tuesday when Pivotal Research Group analyst Jeff Wlodarczak — previously Wall Street's biggest Netflix bull — cut his price target considerably. Increased competition among online streaming giants has weighed on Netflix shares this year. Watch Netflix trade live on Markets Insider.
Netflix is officially in the red for 2019. The stock fell as much as 5.1% on Tuesday, erasing year-to-date gains that exceeded 43% as recently as May. The final push into negative territory came on Tuesday when Pivotal Research Group analyst Jeff Wlodarczak — previously Wall Street's biggest Netflix bull — cut his price target considerably. Increased competition among online streaming giants has weighed on Netflix shares this year. Watch Netflix trade live on Markets Insider.
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