- Benchmark analyst Matthew Harrigan reiterated his Hold rating on Netflix Inc (NASDAQ:NFLX).
- Harrigan remains cautious on the stock citing elevated global streaming competition and possible overseas member growth fallout from geopolitical uncertainty, even excluding de minimis direct effect from exiting Russia.
- Also Read: Evercore ISI Sees 44% Upside In Netflix, Reiterates Rating, Amazon Consummates MGM Deal Post Clean Chit From Regulators
- Netflix's step toward limiting password sharing is a sign of weaker growth trends.
- Netflix recently tested a new feature requiring subscribers to pay while sharing their passwords with people beyond their household.
- Price Action: NFLX shares traded higher by 2.65% at $381.25 on the last check Friday.
