This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) shares fell about 2% Tuesday after HSBC lowered its view on the streaming company, pointing to growing competition from YouTube and weaker signs of viewer engagement, according to a Tuesday analyst note. HSBC analyst Mohammed Khallouf cut Netflix to Hold from Buy and reduced his price target to $76 from $96. The revised target reflects a 21% reduction and leaves limited room for gains based on Tuesday's trading level. Warning! GuruFocus has detected 2 Warning Sign with ABNB. Is NFLX fairly valued? Test your thesis with our free DCF calculator.
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