A Wall Street analyst cut his price target on Netflix stock, saying the video streamer has few catalysts to drive its shares higher.
Netflix Stock Gets Price-Target Cut On Lack Of Catalysts
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A Wall Street analyst on Wednesday cut his price target on Netflix (NFLX) stock, saying the subscription streaming video leader has few catalysts to drive its shares higher. Jefferies analyst James Heaney reiterated his buy rating on Netflix stock but cut his price target to 110 from 128. On the stock market today, Netflix rose 0.7% to close at 82.…
While analysts maintained their long-term bullish stance on Netflix, many also cut their price targets for the streamer.
Netflix ($NFLX) hits a new 52-week low at $71.82 as failed M&A bids, including a $22B loss to Fox for Roku, spark investor…
Netflix (NFLX) shares have been in a steep decline over the past two months. But they could be getting close to a bottom.
Wells Fargo's new price target implies that shares of Netflix could add 6% from here.
Analysts are largely sticking by Netflix, telling clients to buy the dip after after the streaming platform's latest results sent…
The stock is up a mere 2.8% over the past three months, while the S&P 500 is up 7% in that time.
