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Permanent Decline or Temporary Slowdown?

Nomura cuts Netflix price target

Netflix's recent slowdown has some on Wall Street concerned -- including Nomura analyst Anthony DiClemente.

Today he cut his price target to $115, down from $125, due to international subscriber growth fears.

DiClemente joined the "Halftime Report" to discuss why he made the move.

"When Netflix launches in a new country or region you see a big bang initially, and then a bit of a slowdown from that point forward," DiClemente said.

But while DiClemente thinks Netflix's international subscriber growth may decelerate, he is still positive on the stock in the long run.

"Our long term view remains constructive and bullish," he said.

Part of his reason for betting on the content-streaming service is its strong revenue channels.

"This [Netflix] is one that really has true revenue growth," he argued.