Evercore ISI Group Maintains Outperform on Netflix, Lowers Price Target to $500
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Mark Mahaney has maintained an 'Outperform' rating on Netflix (NASDAQ:NFLX) but lowered the price target from $550 to $500.
September 18, 2023 | 1:27 pm
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Netflix's price target has been lowered from $550 to $500 by Evercore ISI Group, although the 'Outperform' rating is maintained.
The lowering of the price target by Evercore ISI Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100