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Here's what Wall Street is saying about Netflix's disappointing forecast and stock plunge

Apr 19, 2016, 18:50 IST

Miniclip

Netflix's forecasts for the second quarter were weaker than expected, and that shook Wall Street.

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On Monday, the company reported first quarter profits that topped analysts' estimates, and revenues that were roughly in line with expectations.

But that was not enough to stop a 10% plunge in the shares in after-hours trading.

The video-streaming company said it added 2.23 million US subscribers in the first three months of the year, and 4.51 million internationally. Both beat estimates.

But its guidance for 2 million net additions outside the US during the second quarter fell short of the estimate for 3.45 million.

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Some analysts have lowered their price targets on the company's stock. Meanwhile, others maintain that Netflix will continue to dominate the competition, even as it raises prices.

Here's a roundup of where they stand:

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