Monness Crespi Hardt became the latest house to slash its stock price target for Netflix Inc. NFLX, -1.36% on Wednesday, when it shaved $100 off its target to lower it to $340. Analyst Brian White reiterated his buy rating on the stock in a note to clients ahead of the streaming company’s third-quarter earnings next week. “In light of the weakening macro environment since Netflix last provided guidance, combined with more details last month from Apple AAPL, -1.17% around its planned launch of Apple TV+ and incremental data points around increasingly fierce competition for content, we are adjusting our estimates for Netflix accordingly and lowering our 12-month price target to $340 from $440,” White wrote. Evercore analyst Vijay Jayant slashed his Netflix price target to $300 from $380 on Monday, also citing concerns about coming competition from providers including Disney DIS, -1.86%. Netflix shares were up 0.4% premarket but have fallen 24% in the last 12 months, while the S&P 500 SPX, -1.56% has gained 0.4%.