Bank of America Maintains Buy Rating for Netflix Despite Lower Price Target
Netflix (NFLX) shares fell sharply after the company reported weaker-than-expected Q3 revenue guidance, leading several analysts to lower their price targets. Bank of America analyst Jessica Reif Ehrlich reduced her target from $125 to $105 but kept a Buy rating, citing an undervalued stock relative to earnings and subscriber base.
Topics: Bank of America earnings report Netflix price target adjustment