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.
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