Analysts Are Downgrading These 5 Stocks

Page 5 of 5

1. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 109

Shares of Netflix, Inc. (NASDAQ:NFLX) slipped over one percent on Tuesday, June 14, 2022, after research firm Benchmark turned bearish on the California-based video streaming giant. Benchmark analyst Matthew Harrigan thinks Netflix could face difficulties in case of weak subscriber and profit margin growth.

Harrigan downgraded Netflix, Inc. (NASDAQ:NFLX) from “Hold” to “Sell” and set a price target of $157 per share for the stock. Netflix published its last quarterly report in April. Back then, the company announced a significant drop in subscriber numbers and slower sales growth. Netflix stock has lost nearly 50 percent of its value since reporting its fiscal first-quarter results on April 19, 2022.

You can also take a peek at 10 Best CBD Stocks To Buy Now and 10 Favorite Stocks of Dan Loeb’s Third Point.

Page 5 of 5