Netflix: Piper Sandler upgrades, Barclays downgrades

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Wall Street has mixed views on Netflix (NFLX).

Barclays (BARC.L) has downgraded Netflix to Underweight from Equal Weight, citing valuation concerns. The firm argues that given Netflix's high valuation, maintaining its current revenue growth trajectory will be unrealistic moving forward.

On the other hand, Piper Sandler (PIPR) has upgraded the stock to Overweight from Neutral while raising its price target to $800 from $650. The firm highlights Netflix's continued pricing power within its premium ad tiers, suggesting that this strength can offset any potential slowdown in subscriber growth and help sustain revenue.

Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the details.

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This post was written by Angel Smith