CFRA analyst Kenneth Leon downgraded Netflix (NFLX) from a "Buy" to a "Hold" rating. Leon established a new price target of $100 per share.
The adjustment reflects a shift in the analyst's perspective as the market reevaluates the stock’s position. This change follows ongoing investor uncertainty stemming from the company’s weaker-than-expected October earnings report.
The market also weighs potential risks associated with Netflix’s large-scale bid for Warner Bros. Discovery assets. While core business fundamentals, including revenue growth and global engagement, remain solid, investor confidence in near-term execution and capital allocation has been repriced.