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Netflix Bulls on Wall Street Aren’t Giving Up on the Stock Just Yet

Kamaron Leach, Jeran Wittenstein
Netflix Bulls on Wall Street Aren’t Giving Up on the Stock Just Yet

Netflix Inc.’s disappointing second-quarter report has raised surprisingly few alarms on Wall Street even as the shares tumbled as much as 14 percent, their biggest drop in two years. Analysts at Bernstein say it was inevitable that the streaming company would eventually fall short of subscriber expectations, and Wells Fargo says “subscriber and pricing trends remain healthy” despite quarterly volatility. Imperial Capital, the stock’s biggest bull, maintained its price target.