Analysts set Netflix stock price target
Netflix (NASDAQ: NFLX) saw a wave of price target cuts from major Wall Street analysts on Wednesday, January 21, following its latest earnings report.
Among the chief concerns were strong operational performance against rising content costs, as well as weak forward guidance and uncertainty surrounding a potential Warner Bros (NASDAQ: WBD) transaction.
As a result, Netflix’s stock price has fallen 3% on the day, trading at $85.12 at the time of writing.
Wall Street cuts Netflix stock price target
Goldman Sachs, for instance, which lowered its Netflix price target from $112 to $100, maintaining a ‘Neutral’ rating, highlighted continued momentum in Netflix’s…
