Netflix Stock Rally Pauses After CFRA Upgrade to Buy
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.