From Financial Modeling Prep: 2024-12-16 11:58:00

Loop Capital analysts downgraded Netflix (NASDAQ:NFLX) from Buy to Hold, raising price target to $950 from $800. Analysts cited that much of bullish thesis had already been priced in. Upgraded 16 months ago due to favorable competitive landscape, strong content pipeline, successful rollout of paid sharing, and optimism around advertising business.

With stock nearing fair value, analysts see limited room for upside in near term. Key drivers of recent success widely acknowledged, prompting cautious stance and downgrade to Hold. Analysts believe bullish thesis is already reflected in stock price, leading to more conservative outlook.



Read more at Financial Modeling Prep:: Netflix Downgraded as Stock Approaches Fair Value