As Netflix growth slows and competition increases, Bernstein warns the stock could slide another 20%
Netflix stock has slid steadily since reporting second quarter earnings and Bernstein analyst Todd Juenger says, "Investors are increasingly asking us: 'where is the floor?'"
Despite Netflix' potential further downside, Bernstein is sticking to its outperform rating on Netflix stock, with a $450 a share price target.shares have been under pressure ever since the company reported disappointing second quarter results in July, dropping nearly 20% since then, and Bernstein on Thursday sought to answer investors' questions about how long this slump will continue.
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