Goldman Sachs analyst Eric Sheridan downgraded Netflix to Sell from Neutral with a price target of $186, down from $265. e The analyst has concerns around the impact of a consumer recession as well as heightened levels of competition on demand trends, margin expansion, and levels of content spend. He views Netflix as a “show-me story with a light catalyst path in the next 6-12 months.” Sheridan cut 2022 and 20023 revenue estimates to incorporate a greater probability of a weaker macro environment.
previous post
next post