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“New Netflix analyst on Wall Street says stock could fall 15% if its 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… “Street estimates [are] too high,” Bazinet said in a note to clients on Tuesday.

Over the last seven years, there has been a correlation between spending on content and new added subscribers, the analysts points out. But Wall Street forecasts now on Netflix “deviate” from this long-term pattern. The new Netflix analyst therefore said either Netflix needs to spend even more on content or subscriber estimates need to fall on Wall Street…”

https://www.cnbc.com/2019/12/03/new-netflix-analyst-on-wall-street-says-stock-could-fall-15percent-if-its-forced-to-spend-more-on-content.html

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