This Bearish Analyst Forecasts Huge Downside For Netflix, Cites Member Growth Risks and Ad Monetization Concerns
Netflix(NFLX) Benzinga·2024-10-16 01:46
Benchmark analyst Matthew Harrigan reiterated Netflix Inc NFLX with a Sell and a $545 price target.The analyst has Netflix achieving ~431 million global members in 2033 with a 35%+ operating margin. Harrigan noted that in the intermediate term, although likely not near-term, member growth risks versus his forecast may gear to the downside with sensitivities to ten-year member installed base and operating margin.Also Read: Netflix Analyst Predicts Q3 Beat But Challenging 2025, Flags This As The Biggest Conc ...