Netflix (NFLX) might be the number one streaming service on the market — but that’s not always a good thing, at least according to a new note from Bank of America (BAC).
The big bank, which slashed its price target on the stock from $240 a share to $196, surveyed over 1,200 U.S. adults to better understand Netflix’s position amid the competitive streaming landscape.
According to the survey, Netflix remains the top most-subscribed-to service, capturing 79% of total respondents. Amazon Prime (
Source link
