LOS ANGELES: Netflix Inc's disappointing second-quarter subscriber growth and forecast raised questions about whether the streaming video pioneer can pick up the pace of its global expansion, Wall Street analysts said.
At least 20 brokerages cut their Netflix stock price targets by as much as US$30 (RM120.94) on July 19, a day after the company reported it failed to sign up as many new customers as it expected from April to June. Its shares were down 13.7% at US$85.28 (RM343.79) on Nasdaq.
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