Seaport Global Downgrades Netflix to Neutral
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst David Joyce has downgraded Netflix (NASDAQ:NFLX) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.

January 30, 2024 | 12:41 pm
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Seaport Global's downgrade of Netflix from Buy to Neutral suggests a more cautious view on the stock's near-term growth potential or valuation.
Analyst downgrades typically lead to a short-term negative sentiment among investors, as they may perceive the downgrade as a sign of slowing growth or overvaluation. However, the impact may be moderate if the market has already priced in the concerns leading to the downgrade.
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