Needham downgraded Netflix to underperform and said the company is
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain.on Tuesday with the analyst Laura Martin predicting the company may lose as many as 4 million U.S. subscribers next year in its premium tier.
Martin moved her rating to underperform from hold and added she was concerned the company's balance sheet can't "withstand lower revenue." Netflix has come under increased pressure of late as the streaming wars heat up with the recent launch of
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