Check Out What Whales Are Doing With NFLX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Netflix (NASDAQ:NFLX) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The targeted price range for Netflix over the last 3 months has been between $170.0 to $700.0. Analysts' ratings vary, with Goldman Sachs upgrading to Neutral with a $400 price target, while JP Morgan, Wells Fargo, and Guggenheim maintain Overweight or Buy ratings with price targets of $470 and $500.
July 06, 2023 | 6:16 pm
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Netflix has seen significant options trading activity, indicating a bearish stance by a large investor. Analysts' ratings and price targets vary, suggesting uncertainty in the market.
The bearish options trading activity indicates that a large investor or institution is expecting Netflix's stock price to decrease. This, combined with the varying analyst ratings and price targets, suggests uncertainty and potential volatility in the stock's price.
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