Oppenheimer Maintains Outperform on Netflix, Lowers Price Target to $470
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Jason Helfstein maintains an 'Outperform' rating on Netflix (NASDAQ:NFLX), but has lowered the price target from $515 to $470.

September 22, 2023 | 3:53 pm
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Netflix's price target has been lowered from $515 to $470 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer 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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100