Barclays Downgrades Netflix to Underweight, Maintains Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has downgraded Netflix from Equal-Weight to Underweight, while maintaining the price target at $550.
October 07, 2024 | 11:11 am
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Barclays has downgraded Netflix from Equal-Weight to Underweight, indicating a less favorable view on the stock's performance. The price target remains at $550.
The downgrade from Equal-Weight to Underweight suggests that Barclays expects Netflix to underperform relative to other stocks. Maintaining the price target at $550 indicates that while the stock is expected to underperform, the long-term valuation remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100