In a report released today, Kannan Venkateshwar from Barclays downgraded Netflix (NFLX – Research Report) to Hold, with a price target of $425.00. The company's shares closed last Thursday at $508.25, close to its 52-week low of $478.54. According to TipRanks.com, Venkateshwar is a 4-star analyst with an average return of 6.5% and a 56.2% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Charter Communications, Warner Music Group, and Walt Disney. Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $627.36, which is a 21.2% upside from current levels.
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