Barclays Maintains Underweight on Netflix, Maintains $550 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has maintained an Underweight rating on Netflix with a price target of $550.
October 18, 2024 | 4:50 pm
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Barclays analyst Kannan Venkateshwar maintains an Underweight rating on Netflix, with a price target of $550, indicating a cautious outlook on the stock.
The Underweight rating suggests that Barclays expects Netflix to underperform relative to other stocks. The maintained price target of $550 indicates that the analyst's view on the stock's valuation has not changed. This could lead to neutral market reactions as the rating and target are unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100