Evercore ISI cut Netflix’s (NFLX) price target to $550 from $500. The analyst highlights that the latest channel checks show that NFLX is having “a supply- not a demand- problem,” and the company intends to grow operating margins “more gradually” than 3% per year going forward. They analyst also notes that NFLX’s advertising revenue business is still in the “crawl of the crawl, walk, run stages.” Alex Coffey discusses this news as NFLX is up over 65% year-over-year. Tune in to find out more about the stock market today.
Morning Trade Live
18 Sep 2023
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