Netflix, Inc. (NFLX) was downgraded to Hold from Buy by CFRA on January 5, with a price target decrease from $130 to $100 due to the pending acquisition of Warner Bros Discovery. Paramount’s latest offer to buy Warner Bros Discovery was deemed “still not good enough” by prominent shareholder Harris Oakmark on December 23. The board of Warner Bros recommended rejecting Paramount’s bid in favor of Netflix, Inc.’s offer, citing more secure financing and additional benefits. Netflix, Inc. provides entertainment services through paid memberships in 190 countries, acquiring, producing, and licensing content for streaming. While Netflix may be a good investment, certain AI stocks offer greater potential and lower risk. Check out the free report on the best short-term AI stock for more information.

Source: https://www.insidermonkey.com/

Read more at Yahoo Finance: Here’s Why CFRA Downgraded Netflix (NFLX) to Hold From Buy