Benchmark Maintains Sell on Netflix, Raises Price Target to $425
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Matthew Harrigan has maintained a Sell rating on Netflix (NASDAQ:NFLX) but increased the price target from $350 to $425.

January 19, 2024 | 4:55 pm
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Benchmark analyst reaffirms Sell rating on Netflix but raises price target to $425, indicating a potential downside from current levels.
The Sell rating suggests that the analyst believes Netflix's stock price may decline in the short term. However, the increase in the price target could imply that the expected downside may be less severe than previously thought. This mixed signal might lead to short-term uncertainty among investors.
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