Deutsche Bank downgraded Netflix to Hold from Buy with a price target of $525, up from $460, following last night’s results. Netflix is still the best story in media among the vertically integrated producers, programmers and distributors, the analyst tells investors in a research note. The firm says decision to downgrade “was a difficult one” as it increased earnings and free cash flow estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NFLX:
- Netflix Earnings Update: Did it Beat Estimate Forecasts?
- TKO Group Stock: Switching to Streaming is a Smart Move
- Netflix (NASDAQ:NFLX) Sees Stellar Q4 Results, Adds 13M Subscribers
- Netflix (NASDAQ:NFLX) Scores a TKO with WWE Raw Streaming Deal
- Options Volatility and Implied Earnings Moves Today, January 23, 2024