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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Netflix Stock?

Nasdaq NFLX US Federal Reserve Scott Devitt Stifel

Shares of several companies are trading higher Tuesday as stocks rebound following weakness stemming from recent Fed policy tightening. However, Netflix Inc (NASDAQ:NFLX) is underperforming. So what's going on?

Stifel analyst Scott Devitt maintained Netflix with a Hold rating on Tuesday and lowered his price target from $300 to $240, citing affordability concerns. 

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