Netflix Inc (NFLX)

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Netflix (NASDAQ:NFLX) Downgraded by BidaskClub
By: MarketBeat | December 28, 2020

Netflix (NASDAQ:NFLX) was downgraded by equities research analysts at BidaskClub from a "buy" rating to a "hold" rating in a note issued to investors on Monday, BidAskClub reports.

NFLX has been the subject of a number of other reports. Royal Bank of Canada reiterated a "buy" rating and issued a $630.00 price target on shares of Netflix in a research note on Wednesday, December 16th. Wedbush reissued an "underperform" rating and set a $235.00 price target (up from $220.00) on shares of Netflix in a report on Wednesday, October 21st. Wells Fargo & Company upped their price target on Netflix from $470.00 to $510.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 21st. BMO Capital Markets lifted their price objective on Netflix from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Wednesday, October 21st. Finally, Credit Suisse Group set a $525.00 price objective on Netflix and gave the company a "neutral" rating in a research note on Tuesday, December 8th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the company. Netflix has a consensus rating of "Hold" and an average target price of $533.43.

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