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What's Going On With Netflix Stock?

Published 05/07/2022, 15:40
Updated 05/07/2022, 16:43
© Reuters What's Going On With Netflix Stock?

Netflix Inc (NASDAQ: NASDAQ:NFLX) shares are trading flat Tuesday after Piper Sandler cut its price target on the stock.

Piper Sandler analyst Thomas Champion maintained Netflix with a Neutral rating and lowered the price target from $293 to $210.

Although Champion acknowledged the strength of American television series "Stranger Things," the analyst expects the series to provide more short-term relief, rather than a lasting impact.

Last week, Truist Securities analyst Matthew Thornton maintained Netflix with a Hold rating and lowered the price target from $300 to $210. JPMorgan (NYSE:JPM) analyst Doug Anmuth maintained Netflix with a Neutral rating and lowered the price target from $300 to $230.

Netflix is the world's leading streaming entertainment service featuring TV series, documentaries and films across a wide variety of genres and languages.

See Also: What's Going On With Tesla Stock Today?

NFLX Price Action: Netflix has traded between $700.98 and $162.71 over a 52-week period.

The stock was up 0.52% at $180.99 at press time, according to data from Benzinga Pro.

Photo: Tumisu from Pixabay.

Latest Ratings for NFLX

DateFirmActionFromTo
Mar 2022WedbushUpgradesUnderperformNeutral
Jan 2022 Citigroup (NYSE:C)UpgradesNeutralBuy
Jan 2022RosenblattMaintainsNeutral
View More Analyst Ratings for NFLX

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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