Netflix Stock Rally Pauses After CFRA Upgrade to Buy
TL;DR Summary
Netflix (NFLX) ticked down in late trading after CFRA analyst Ken Leon upgraded the stock from Hold to Buy and raised the price target to $115, citing expected member growth, higher ARPU with pricing power, and more advertising; Leon also sees potential gains from international content and new formats like video podcasts and live events. Across Wall Street, NFLX carries a Moderate Buy consensus with a $114.79 average target implying roughly 16% upside after about an 11% year‑long rally. Investors nevertheless remained cautious, with shares slipping modestly as Netflix faces controversy over its Age of Attraction dating-show concept.
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