Netflix needs ‘a longer time-frame to reach peak penetration’: BofA

It’s been a turbulent past couple of days, to say the least, for Netflix (NFLX), a stock which saw two consecutive trading days of declines after an underwhelming earnings report. Netflix’s Q4 earnings report estimated it would add an additional 2.5 million subscribers in Q1 2022, significantly lower than the 6.93 million expected.

A new Bank of America (BAC) report found that, in light of the Q4 earnings report, Netflix would likely require more time than previously expected in order to…

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