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Benchmark Downgrades Netflix (NFLX) to Sell, 'The market is now very jaded on streaming valuations'

June 14, 2022 6:14 AM EDT

Benchmark analyst Matthew Harrigan downgraded Netflix (NASDAQ: NFLX) from Hold to Sell with a price target of $157.00.

The analyst comments "We are reverting our rating on Netflix to Sell, admittedly after having prematurely upgraded the stock to Hold following 4Q21 earnings, and installing a new $157 price target. The $157 PT is off a... More