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Shares of
Netflix, Inc.NFLX continued to trade higher on Thursday just a day after the company
announced a global expansion of its streaming service to 130 countries.
Despite the major announcement, the Vetr crowd turned incrementally bearish on the stock and
downgraded its rating to 3-stars out of a possible 5-stars.
Shares of Netflix has fallen to $117.68 since the prior rating of 4-stars was issued just 3 days ago.
In addition to a downgrade, the crowd-sourced price target of $120.04 implies a potential upside of just 1 percent, noticeably under-performing the stock's 150 percent gain over the past year.
Meanwhile, the Vetr crowd is split as 49.3 percent of the crowd's ratings are 'Buy' and 45.3 percent of the crowd's ratings are 'Sell' with the remaining 5.3 percent recommending a 'Hold' rating.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: Analyst ColorCrowdsourcingAnalyst RatingsGeneralNetflixNetflix Global ExpansionVetrVetr Crowd
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