Is Netflix Losing Its Spark? Analyst Downgrades Amid Sluggish Growth and AVOD Adoption
Portfolio Pulse from Anusuya Lahiri
Wolfe Research analyst Peter Supino has downgraded Netflix Inc (NASDAQ:NFLX) from Outperform to Peer Perform due to concerns about 2024-25 growth forecasts. Supino cited slow AVOD adoption, recent ARM shortfalls, less margin expansion, and lack of compelling data on subscriber growth as reasons for the downgrade. He also lowered his CY24E net adds to 11 million from the 16 million consensus.
October 13, 2023 | 4:04 pm
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Netflix has been downgraded by Wolfe Research due to concerns about future growth. This could negatively impact the company's stock price.
The downgrade by Wolfe Research is based on concerns about Netflix's future growth, including slow AVOD adoption and less margin expansion. This negative sentiment could lead to a decrease in the company's stock price.
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