Netflix’s role ‘as a must-have service’ is ‘more of a curse than a blessing’: Analyst

Netflix’s role ‘as a must-have service’ is ‘more of a curse than a blessing’: Analyst

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 (


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