Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Netflix

Share:
Related NFLX
Jim Cramer And Bob Lang's 2013 FANG Call Was A Home Run
10 Years Of Pornhub: VP Talks New Markets, Philanthropy And Creating Original Content
Netflix To Decline By Over 92% - Sell Now (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Netflix (NASDAQ: NFLX), but lowered its price target from $65.00 to $60.00.

Jefferies noted, “Decent 3Q12 results were overshadowed by guidance that reflects continuing pressure on margins and increasing competition. Solid domestic DVD results offset some weakness in US streaming while int'l streaming subs (total and paid) surpassed our and Street expectations. However, 4Q12 guidance came in below expectations and was particularly weak for the US streaming segment.”

Netflix closed on Tuesday at $68.22.

Latest Ratings for NFLX

DateFirmActionFromTo
Mar 2017Deutsche BankMaintainsHold
Mar 2017BernsteinInitiates Coverage OnOutperform
Mar 2017JefferiesUpgradesUnderperformHold

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (NFLX)

View Comments and Join the Discussion!