Wall Street is souring on Netflix ahead of earnings. Here's why 6 firms have cut their price targets in recent weeks.

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Wall Street is souring on Netflix ahead of earnings. Here's why 6 firms have cut their price targets in recent weeks.
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Investors and analysts are expected to pay close attention to net subscriber additions in Netflix's third-quarter earnings report.

Netflix's third-quarter earnings report is going to be critical for the company to prove to investors it can weather the onslaught of streaming competitors set to flood the space in the coming months. The streaming giant has lost more than 20% of its market value since it reported its first decline in US subscribers since 2011 during the second quarter of 2019.

Netflix's third-quarter earnings report is going to be critical for the company to prove to investors it can weather the onslaught of streaming competitors set to flood the space in the coming months. The streaming giant has lost more than 20% of its market value since it reported its first decline in US subscribers since 2011 during the second quarter of 2019.

 

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