Here's what Wall Street is saying about Netflix's disappointing forecast and stock plunge (NFLX)

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Netflix's forecasts for the second quarter were weaker than expected, and that shook Wall Street.

On Monday, the company reported first quarter profits that topped analysts' estimates, and revenues that were roughly in line with expectations.

But that was not enough to stop a 10% plunge in the shares in after-hours trading.

The video-streaming company said it added 2.23 million US subscribers in the first three months of the year, and 4.51 million internationally. Both beat estimates. 

But its guidance for 2 million net additions outside the US during the second quarter fell short of the estimate for 3.45 million. 

Some analysts have lowered their price targets on the company's stock. Meanwhile, others maintain that Netflix will continue to dominate the competition, even as it raises prices. 

Here's a roundup of where they stand:

Stifel: BULLISH

Rating: Buy

Price Target: $143

Comment: "Netflix shares hovered around the $1 level in 2002, the $6 level in 2009, and the $100 level at tonight’s [i.e. Monday after earnings] last after-hours price (adjusting for splits). Many of the same analysts, investors, and media observers who have been skeptical of Netflix’s prospects at levels that were pennies on today’s $NFLX dollar are still negative on the company today, and we think they will continue to be proven wrong."

RBC Capital Markets: BULLISH

Rating: Outperform

Price Target: $140

Comment: "We continue to believe that Netflix’s value proposition has universal appeal – as demonstrated by its success in North America, Latin America, and Western Europe. So we expect the NFLX International Sub buildout to be substantial, especially as the company localizes content, language, and payment options."

Raymond James: BULLISH

Rating: Outperform

Price Target: $130

Comment: "...We find three reasons to buy shares on weakness: 1) original content is still driving U.S. growth; 2) marketing is a source of leverage; and 3) Int’l is moving closer to breakeven."