Streaming Party Over? Netflix (NFLX) Stock Crashes 26% After Losing Subscribers in Q1, Prompts at Least 9 Analyst Downgrades
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CFRA Downgrades Netflix (NFLX) to Hold
April 20, 2022 9:06 AM EDTCFRA downgraded Netflix (NASDAQ: NFLX) from Buy to Hold with a price target of $290.00 (from $525.00).
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 $348.61 yesterday.
... MoreNetflix (NFLX) Upgraded to Hold at Needham on Plan to Adopt Low-priced Tier
April 20, 2022 7:40 AM EDTNetflix (NASDAQ: NFLX) reported worse-than-expected results and guidance yesterday to send its shares over 27% lower in after-hours trading.
At least 9 analysts downgraded Netflix stock, including several rating cuts by two notches.
However, Needham & Company analyst Laura Martin moved to upgrade Netflix... More
Oppenheimer Downgrades Netflix (NFLX) to Perform
April 20, 2022 7:23 AM EDTOppenheimer analyst Jed Kelly downgraded Netflix (NASDAQ: NFLX) from Outperform to Perform.
The analyst commented, "We are downgrading NFLX shares from Outperform to Perform and removing our $530 PT following a significant 1Q netadds miss that we attribute to elevated churn from more streaming... More
BofA Securities Downgrades Netflix (NFLX) Two-Notches to Underperform
April 20, 2022 6:05 AM EDTBofA Securities analyst Nat Schindler downgraded Netflix (NASDAQ: NFLX) from Buy to Underperform with a price target of $300.00 (from $605.00).
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 $348.61 yesterday.
... MoreKGI Securities Downgrades Netflix (NFLX) to Neutral
April 20, 2022 5:40 AM EDTKGI Securities analyst Freddy Chen downgraded Netflix (NASDAQ: NFLX) from Outperform to Neutral with a price target of $350.00.
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 $348.61 yesterday.
... MoreAtlantic Equities Downgrades Netflix (NFLX) to Neutral
April 20, 2022 5:39 AM EDTAtlantic Equities analyst Hamilton Faber downgraded Netflix (NASDAQ: NFLX) from Overweight to Neutral with a price target of $280.00.
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 $348.61 yesterday.
... MoreUPDATE: JPMorgan Downgrades Netflix (NFLX) to Neutral
April 20, 2022 5:38 AM EDT(Updated - April 20, 2022 6:09 AM EDT)
JPMorgan analyst Doug Anmuth downgraded Netflix (NASDAQ: NFLX) from Overweight to Neutral with a price target of $300.00 (from $605.00).
The analyst commented, "Following a sea change quarter for NFLX in which the company essentially conceded to every key point of the bear thesis, we're downgrading our recommendation to Neutral & lowering our price target to $300. Projected 1H net sub losses of -2.2M (or -1.5M adding back Russia) are... More
Pivotal Research Downgrades Netflix (NFLX) Two-Notches to Sell
April 20, 2022 5:35 AM EDTPivotal Research analyst Jeffrey Wlodarczak downgraded Netflix (NASDAQ: NFLX) from Buy to Sell with a price target of $235.00 (from $550.00).
The analyst commented, "After what can only be called a shocking 1Q subscriber miss and weak subscriber & financial guidance we reduced our subscriber forecasts and pushed back our profitability forecasts substantially which led to a dramatic nearly 60% reduction in our target price to $235 and a reduction in our... More
UPDATE: Netflix (NFLX) Post Covid Hangover Drives Piper Sandler to Downgrade to Neutral
April 20, 2022 5:31 AM EDT(Updated - April 20, 2022 8:23 AM EDT)
Piper Sandler analyst Thomas Champion downgraded Netflix (NASDAQ: NFLX) from Overweight to Neutral with a price target of $293.00 (from $562.00) after 1Q22 subscriber net adds of (0.2MM), or +0.5MM ex-Russia, badly missed guidance of 2.5MM.
The... More
UBS Downgrades Netflix (NFLX) to Neutral
April 20, 2022 5:30 AM EDTUBS analyst Eric Sheridan downgraded Netflix (NASDAQ: NFLX) from Buy to Neutral with a price target of $355.00 (from $575.00).
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 $348.61 yesterday.
... MoreStifel Downgrades Netflix (NFLX) to Hold
April 20, 2022 5:26 AM EDTStifel analyst Scott Devitt downgraded Netflix (NASDAQ: NFLX) from Buy to Hold with a price target of $300.00 (from $400.00).
The analyst commented, "We are lowering our rating to Hold. Netflix reported disappointing 1Q results and guidance as subscriber growth turned negative in... More
