In the span of a few days, Wall Street has sent Netflix (NFLX) investors two very different signals.
Wells Fargo analyst Steven Cahall downgraded Netflix to Underweight from Equal Weight and lowered his price target to $57 from $80, 24/7 Wall St noted. The call came as the stock dropped 4.7% to $71.79, with Cahall citing weaker audience engagement and worries over Netflix’s original-content schedule.
But Evercore ISI only four days ago lifted its price target on Netflix to $110 from $100, according to Insider Monkey. Its survey data showed solid household penetration in the U.S. and Japan and indicators of ongoing customer retention.
Now the gap to those benchmarks is $53. That’s a broad spectrum…






