News Stocks 

New Netflix analyst on Wall Street says stock could fall 15% if it’s forced to spend more on content

“Citi has a new Netflix analyst and he’s joining the minority of Wall Street analysts that are cautious on the stock” writes Maggie Fitzgerald for cnbc.com. The new Netflix analyst therefore said either Netflix needs to spend even more on content or subscriber estimates need to fall on Wall Street.If they spend up on content, it will hurt margins and cause the stock to drop by 15%, he calculates.
 
Source: cnbc.com



Related posts