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Benzinga
Benzinga
Business
Anusuya Lahiri

Netflix Stock Slump Deepens As Investors Question Its Deal Strategy, Competition And Next Growth Phase

Netflix Doug Anmuth NFLX
Netflix

Netflix Inc.'s (NASDAQ:NFLX) stock slump has intensified amid mounting investor concerns about media dealmaking, rising competition, and questions over the company's next phase of growth

JPMorgan analyst Doug Anmuth maintained a Neutral rating on Netflix and cut the price forecast from $127.50 to $124.00.

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