Posted 1/24/2024, 9:40:05 PM
Netflix Soars 14% on Strong Earnings and Subscriber Growth, But Analysts Warn of Slowing Momentum
- Netflix shares surged 14% after strong Q4 earnings and 13 million new subscribers
- Analysts overwhelmingly raised price targets but warned valuations were getting overblown
- Some predict subscriber growth will slow after password sharing crackdown peaks
- Despite dominance, analysts from MoffettNathanson and Deutsche Bank view stock as fully valued
- Deutsche Bank downgraded Netflix from Buy to Hold due to limited room for further multiple expansion