Market Overview

UPDATE: Piper Jaffray Downgrades Netflix to Neutral on Investor Sentiment

Share:
Related NFLX
U.S. Tech Firms Prepare To Go To Battle
'Seinfeld' And 'Fear The Walking Dead' Could Add 10 Million Subscribers To Hulu
Time Warner Is Growing A House Of Value (Seeking Alpha)

Piper Jaffray reduced its rating on Netflix (NASDAQ: NFLX) from Overweight to Neutral and lowered its price target from $130 to $74.

Piper Jaffray noted, "We continue to believe the LT strategy of growing the WW footprint to maintain domination in subscription online video is sound, but we expect investors will lack the patience required to own the stock for multiple years to see this play out and result in sustainable profitability. … We maintain a positive bias on the Netflix strategy, but expect the stock to trade sideways until we get closer to sustainable profitability."

Netflix closed at $80.39 on Tuesday.

Latest Ratings for NFLX

DateFirmActionFromTo
Apr 2015Stifel NicolausMaintainsBuy
Apr 2015BairdMaintainsOutperform
Apr 2015BMO CapitalMaintainsMarket Perform

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (NFLX)

Around the Web, We're Loving...