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Stifel has decided to maintain its Hold rating of Netflix (NASDAQ:NFLX) and lower its price target from $300.00 to $240.00.
Shares of Netflix are trading down 1.99% over the last 24 hours, at $172.01 per share.
A move to $240.00 would account for a 39.53% increase from the current share price.
About Netflix
Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.