Rosenblatt Maintains Neutral on Netflix, Lowers Price Target to $540
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Barton Crockett maintains a Neutral rating on Netflix (NASDAQ:NFLX) and lowers the price target from $554 to $540.
April 19, 2024 | 11:19 am
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NEUTRAL IMPACT
Rosenblatt analyst Barton Crockett maintains a Neutral rating on Netflix and lowers the price target from $554 to $540.
The adjustment in price target by Rosenblatt reflects a nuanced view on Netflix's valuation, without changing the overall neutral stance. This suggests that while there may be slight adjustments in market expectations, the fundamental outlook on the company by Rosenblatt remains unchanged. The direct mention of Netflix with a specific action (price target adjustment) indicates a high relevance and importance for investors, but the neutral rating suggests a balanced, neither overly positive nor negative, short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100