Netflix stock downgraded by JPMorgan due to valuation concerns, but recent defensive strength noted.
From Yahoo Finance: 2025-05-19 11:50:00
Netflix stock fell 1% after JPMorgan downgraded it to Neutral, citing elevated valuation despite raising price target. Analyst expects rotation into other internet names like Amazon and Meta. Netflix seen as a defensive play amid trade concerns. Q2 historically challenging, estimated 4.5 million net additions this quarter.
Netflix announced ad-supported tier has 94 million global users, with strong engagement. Ad revenue potential upside catalyst for stock. Upcoming content lineup includes popular shows and sports events to boost engagement and subscriber growth. “Sesame Street” added to platform to appeal to broader audience and strengthen competitive position in streaming market.
Read more at Yahoo Finance: Netflix stock downgraded on valuation concerns despite recent defensive strength