Reported about 5 hours ago
Oppenheimer analysts, led by Jason Helfstein, have slightly reduced their price target on Netflix from $1,065 to $1,040 while keeping an 'outperform' rating. Despite this adjustment, Netflix shares have surged over 2% today, reflecting investor optimism ahead of the company's earnings report next week. Oppenheimer's cautious stance stems from potential revenue impacts due to a strong U.S. dollar, although the stock has appreciated about 70% over the past year.
Source: YAHOO