Analyst: Netflix Can't Meet Lofty Expectations

Citigroup downgraded shares of streaming giant Netflix Inc (NASDAQ:NFLX) to "neutral" from "buy," citing unrealistic expectations from Wall Street. Specifically, the analyst said that investors' expectations of a 25% jump in the two-year stacked growth rate is unlikely to happen in the final quarter of 2024. Conversely, BMO initiated coverage on NFLX with an "outperform" rating and a $566 price target, while TD Cowen raised its target price to $565 from $500. Coming into today, 22 analysts rated the equity ...