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New Netflix analyst on Wall Street says stock could fall 15% if it’s forced to spend more on content

December 3, 2019


Citi has a new Netflix analyst and he’s joining the minority of Wall Street analysts that are cautious on the stock.

The firm transferred coverage of Netflix to analyst Jason Bazinet. He started with a neutral rating and a $325 per share price target. Citi’s previous analyst covering the stock had a buy rating. Of the 43 analysts that cover Netflix on the Street, 27 recommend buying the stock, 12 have a hold rating and four have a sell rating, according to FactSet.

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