Netflix stock battered as investors await a flood of new competitors
Posted on AllSides October 15th, 2019
From The Center
The competitive landscape has weighed heavily on the minds of Netflix Inc. investors.
In slashing his price target on Netflix NFLX, -0.53% shares to $300 from $380, Evercore ISI analyst Vijay Jayant on Monday said investors are jittery about Netflix’s business model with “a number of new Internet TV service launches from well-capitalized competitors over the coming months.”
The gauntlet is daunting: Walt Disney Co. DIS, +0.25% , Apple Inc. AAPL, -0.10% , AT&T Inc.’s T, +1.19% HBO Max, Comcast Corp.’s CMCSA, +1.13% NBCUniversal, Amazon.com Inc. AMZN, +1.79% , and...
