Truist Securities Maintains Hold on Netflix, Lowers Price Target to $430
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Matthew Thornton has maintained a 'Hold' rating on Netflix (NASDAQ:NFLX) but lowered the price target from $485 to $430.
October 17, 2023 | 5:26 pm
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Netflix's price target has been lowered from $485 to $430 by Truist Securities, though the 'Hold' rating is maintained.
The lowering of the price target by Truist Securities indicates a less optimistic outlook for Netflix's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100