Bernstein Warns Netflix (NFLX) Competitive Threats Growing

July 15, 2013 8:55 AM EDT Send to a Friend
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Bernstein today maintained an Underperform rating on Netflix (Nasdaq: NFLX) with a price target of $180.00. Analyst Carlos Kirjner thinks bullish models are "unwise" and do not properly accounting for competitive threats from Amazon.com Inc. (Nasdaq: AMZN), Google Inc. (Nasdaq: GOOG), Apple Inc. (Nasdaq: AAPL), Hulu, HBO, Intel Corporation (Nasdaq: INTC), Comcast Corporation (Nasdaq: CMCSA), and others. Kirjner also thinks the bullish augment relies too heavily on future price increases, which could harm subscriber growth.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $257.26 yesterday.




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