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UPDATE: Edward Jones Downgrades Netflix (NFLX) to Hold

April 21, 2022 3:18 AM EDT
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Price: $249.30 +2.72%

Rating Summary:
    26 Buy, 34 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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(Updated - April 21, 2022 3:59 AM EDT)

Edward Jones analyst David Heger downgraded Netflix (NASDAQ: NFLX) from Buy to Hold.

The analyst comments "We are downgrading our rating on shares of Netflix to a Hold from a Buy due to decreased expectations for future growth. We think that results will be impacted by market saturation in the U.S, increased competition, and post-pandemic subscriber losses. Though growth is slowing, we believe Netflix can add subscribers in international markets, and we think that its plans to offer a lower-priced service, subsidized with advertising, will help it to grow in these markets. Netflix is still well-positioned in the streaming business due its large size and significant content investment, but we expect that it could take several quarters to implement its ad-supported offering, and expenses will increase to support these offerings. Shares have Above Average price movements, reflecting price volatility above the market."

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $226.19 yesterday.


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