Tanking Netflix shares have another 20% to fall before they bottom, Bernstein warns

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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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why forgo the Netflix logo and use a talent’s photo when talking about the service’s decline. If speaking about leadership’s decision and it’s effects, I suggest use a Netflix executive’s photo. accountability

Get woke go broke.

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