In a report published Wednesday, Hudson Square Research analyst Daniel Ernst downgraded the rating on Netflix NFLX from Buy to Hold.
In the report, Hudson Square Research noted, “While we continue to expect strong sub growth, with the shares up some 250% YTD, a premium valuation, and with potential risk to 4Q EPS consensus, we move to the sidelines, reducing our rating from Buy to Hold.”
Netflix closed on Tuesday at $321.69.
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