BMO Cuts Target on Netflix (NFLX) Shares from $240 to $160
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Price: $69.51 -1.35%
Rating Summary:
56 Buy, 26 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 34
Rating Summary:
56 Buy, 26 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 34
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Amid a recent wave of price target and estimate reductions on Netflix (Nasdaq: NFLX), BMO Capital's Ed Williams is joining the parade Thursday.
The analyst now sees Netflix shares rising to $160 over the next year, down sharply from a prior target of $240. Williams maintains a Market Perform rating on the stock.
With Netflix shares down about 0.5 percent to $113.06 Thursday morning, Williams' new, lowered price target still represents potential upside of nearly 41 percent.
The analyst now sees Netflix shares rising to $160 over the next year, down sharply from a prior target of $240. Williams maintains a Market Perform rating on the stock.
With Netflix shares down about 0.5 percent to $113.06 Thursday morning, Williams' new, lowered price target still represents potential upside of nearly 41 percent.
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