Citigroup Maintains Neutral on Netflix, Raises Price Target to $555
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a Neutral rating on Netflix (NASDAQ:NFLX) but increased the price target from $500 to $555.
January 26, 2024 | 3:02 pm
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Citigroup analyst Jason Bazinet maintains a Neutral rating on Netflix but raises the price target from $500 to $555.
The increase in the price target by Citigroup suggests a positive outlook on Netflix's valuation, which could lead to a short-term increase in investor confidence and potentially a rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100