Netflix Analyst Re-Rates Stock Ahead of Q3 Earnings Citing Margin Concerns and Leadership Changes
Portfolio Pulse from Anusuya Lahiri
Piper Sandler analyst Matt Farrell maintained a Neutral rating on Netflix Inc (NASDAQ:NFLX) and lowered the price target from $440 to $400 ahead of Q3 earnings. Farrell cited concerns over margins and leadership changes, particularly the departure of the advertising business leader. He also noted potential price increases on ad-free plans and the continuation of the paid-sharing roll-out. Morgan Stanley analyst Benjamin Swinburne also maintained an Equal-Weight rating on Netflix and lowered the price target from $450 to $430.
October 11, 2023 | 7:07 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Netflix's price target has been lowered by analysts from Piper Sandler and Morgan Stanley due to concerns over margins and leadership changes.
The lowering of the price target by analysts indicates a bearish outlook for the stock. Concerns over margins and leadership changes are negative factors that could impact the company's performance and investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100