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'The day every investor was waiting for:' Here's what Wall Street is saying about Netflix's disappointing subscriber numbers

Graham Rapier   

'The day every investor was waiting for:' Here's what Wall Street is saying about Netflix's disappointing subscriber numbers
Entertainment1 min read

netflix

Kim Hong-Ji/Reuters


Shares of Netflix plummeted Monday evening following a disappointing earnings report from the streaming giant.

The stock plunged as much as 14% after missing Wall Street's expectations for subscriber growth for the first time in more than a year, adding just 5.2 million new customers where analyst had expected 6.3 million new ones. It also fell short on total revenue.

Still, plenty of analysts found a silver lining, and upgraded the stock or raised their price target. The Wall Street consensus for Netflix shares is now $372, according to Bloomberg data, - 6% above Tuesday's opening price.

Here's what Wall Street is saying about Netflix's earnings:

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