Netflix stock falls 2% after Wall Street downgrade on growth concerns
October 13, 2023Netflix (NFLX) stock took a hit on Friday following a Wall Street downgrade that cited growth concerns.
Shares of the streaming giant slid 2% after Wolfe Research downgraded the stock to “Peer Perform” from “Outperform” amid fears that the potential rewards of the company’s revenue initiatives, like paid sharing and an ad tier, won’t outweigh the risks surrounding its future growth.…
This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.
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