Netflix shares set for worst quarter since 2012 as competition looms

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Netflix shares set for worst quarter since 2012 as competition looms
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Shares of Netflix dropped nearly 4% on Tuesday and were on track for their deepe...

Pointing to growing competition and higher costs, Pivotal Research on Tuesday slashed its price target for Netflix’s stock to $350 from $515.

In another report, KeyBanc Capital Markets warned that weak results or guidance when Netflix posts its third-quarter report on Oct. 16 could worsen investors’ concerns about long-term growth.

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