Netflix (NFLX) Stock Plummets on Weak Guidance to Prompt Several Downgrades to Neutral

Netflix (NFLX) Stock Dips Again as Jefferies Downgrades to Hold as There's 'Too Much Uncertainty in the Near Term'

Shares of Netflix (NASDAQ: NFLX) are down over 2% in pre-market Monday after Jefferies became the latest research firm to downgrade to Hold.

Netflix analyst Andrew Uerkwitz downgraded to Hold from Buy and cut the price target to $415.00 per share from the prior $737.00, citing near-term uncertainty.

Our Buy thesis was predicated on 1) steady sub growth; 2) low churn and international content advantage; 3) #1 & #2 leading to operating leverage as content spend steadies around $21B; and 4) new revenue... More

Monness, Crespi, Hardt Downgrades Netflix (NFLX) to Neutral

Monness, Crespi, Hardt analyst Brian White downgraded Netflix (NASDAQ: NFLX) from Buy to Neutral following results.

The analyst commented, "Netflix reported mixed 4Q:21 results and issued a downbeat outlook. Although the content on Netflix was spectacular in 4Q:21 and we are big... More

Netflix (NFLX) PT Lowered to $555 at Guggenheim

Guggenheim analyst Michael Morris lowered the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $720.00) while maintaining a Buy rating following results and weak subscriber guidance.

The analyst commented, "Well-below consensus 1Q22 member add guidance (2.5mm versus preconsensus 5.9mm) headlined a relatively... More

Goldman Sachs Provides Context to Netflix (NFLX) Miss and Gap Down, PT Lowered to $450 at

Goldman Sachs analyst Eric Sheridan lowered the price target on Netflix (NASDAQ: NFLX) to $450.00 (from $580.00) while maintaining a Neutral rating.

The analyst stated "We expect the market to have a negative reaction to Netflixs Q4 21 earnings report, as a mixed picture emerged of... More

Netflix (NFLX) PT Lowered to $375 at MoffettNathanson

MoffettNathanson analyst Michael Nathanson lowered the price target on Netflix (NASDAQ: NFLX) to $375.00 (from $460.00) while maintaining a Neutral rating.

UPDATE: Macquarie Downgrades Netflix (NFLX) to Underperform

(Updated - January 21, 2022 4:42 AM EST)

Macquarie analyst Tim Nollen downgraded Netflix (NASDAQ: NFLX) from Neutral to Underperform with a price target of $395.00 (from $615.00).

The analyst comments "We downgrade NFLX from Neutral to Underperform on the back of Q4... More

UPDATE: Netflix (NFLX) PT Lowered to $650 at BMO Capital

(Updated - January 21, 2022 5:48 AM EST)

BMO Capital analyst Daniel Salmon lowered the price target on Netflix (NASDAQ: NFLX) to $650.00 (from $700.00) while maintaining a Outperform rating.

The analyst comments "Low gross additions continue to blunt subscriber growth, and we expect the renewal of... More

UPDATE: Netflix (NFLX) PT Lowered to $575 at UBS

(Updated - January 21, 2022 4:38 AM EST)

UBS analyst Eric Sheridan lowered the price target on Netflix (NASDAQ: NFLX) to $575.00 (from $690.00) while maintaining a Buy rating.

The analyst comments "We believe mgmt's tone on competition was slightly more cautious, suggested it "may be... More

UPDATE: Credit Suisse Downgrades Netflix (NFLX) to Neutral

(Updated - January 21, 2022 7:01 AM EST)

Credit Suisse analyst Douglas Mitchelson downgraded Netflix (NASDAQ: NFLX) from Outperform to Neutral with a price target of $450.00.

The analyst comments "Forward growth expectations are being reset lower following 1Q22 guidance of only 2.5m net adds (vs. our 5.8m, and 1Q21s 4.0m), leading us to lower our... More

UPDATE: KeyBanc Downgrades Netflix (NFLX) to Sector Weight

(Updated - January 21, 2022 4:56 AM EST)

KeyBanc analyst Justin Patterson downgraded Netflix (NASDAQ: NFLX) from Overweight to Sector Weight.

The analyst comments "We are downgrading NFLX to Sector Weight as changes to the growth profile will likely... More

UPDATE: Netflix (NFLX) PT Lowered to $497 at Wolfe Research

(Updated - January 21, 2022 5:02 AM EST)

Wolfe Research analyst John Janedis lowered the price target on Netflix (NASDAQ: NFLX) to $497.00 (from $694.00) while maintaining a Outperform rating.

The analyst comments "We are lowering our Rev./EBITDA est. based on... More

UPDATE: Evercore ISI Downgrades Netflix (NFLX) to In Line

(Updated - January 21, 2022 4:41 AM EST)

Evercore ISI analyst Mark Mahaney downgraded Netflix (NASDAQ: NFLX) from Outperform to In Line with a price target of $525.00 (from $710.00).

The analyst comments "Q4 results came in better than market fears and in line with mgmt guidance in terms of Revenue & Sub Adds and then better-than-expected in... More

UPDATE: Baird Downgrades Netflix (NFLX) to Neutral

(Updated - January 21, 2022 6:35 AM EST)

Baird analyst William Power downgraded Netflix (NASDAQ: NFLX) from Outperform to Neutral with a price target of $420.00 (from $575.00).

The analyst comments "Thursday Netflix reported mixed Q4 results with disappointing subscriber growth and margin guidance. While global subscriber... More

UPDATE: Netflix (NFLX) PT Lowered $200 to $550 at Pivotal Research

(Updated - January 21, 2022 9:20 AM EST)

Pivotal Research analyst Jeffrey Wlodarczak lowered the price target on Netflix (NASDAQ: NFLX) to $550.00 (from $750.00) after the company reported an essentially in-line 4Q result (with better than expected US subscriber results offset by worse than expected Latin... More