Shares of Netflix Inc. sank again Tuesday, enough to turn negative for this year, after the previously most-bullish analyst slashed his price target to below the Wall Street average, citing expectations that the path to profitability will take longer than expected.
The streaming-video giant’s stock NFLX, -4.26% dropped 4.3% to $254.59, the lowest close since Dec. 26. The stock has tumbled 15% amid a 5-session losing streak, and has lost one-third of its value since the July 3 closing high of $381.72.
