Netflix Inc NFLX shares are trading flat Tuesday after Piper Sandler cut its price target on the stock.
Piper Sandler analyst Thomas Champion maintained Netflix with a Neutral rating and lowered the price target from $293 to $210.
Although Champion acknowledged the strength of American television series "Stranger Things," the analyst expects the series to provide more short-term relief, rather than a lasting impact.
Last week, Truist Securities analyst Matthew Thornton maintained Netflix with a Hold rating and lowered the price target from $300 to $210. JPMorgan analyst Doug Anmuth maintained Netflix with a Neutral rating and lowered the price target from $300 to $230.
Netflix is the world's leading streaming entertainment service featuring TV series, documentaries and films across a wide variety of genres and languages.
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NFLX Price Action: Netflix has traded between $700.98 and $162.71 over a 52-week period.
The stock was up 0.52% at $180.99 at press time, according to data from Benzinga Pro.
Photo: Tumisu from Pixabay.
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