JPMorgan downgrades this streaming giant

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JPMorgan downgrades this streaming giant

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could be due for a slowdown, according to JPMorgan. The firm downgraded the streaming giant to neutral from overweight. The bank did raise its price target to $1,220 from $1,150, but that only implies upside of roughly 2% from Friday’s close. “To be clear, there’s no change to our long-term bullish view on NFLX’s streaming leadership position & the company’s potential to effectively become global TV over time,” analyst Doug Anmuth said. “However, more near-term, following significant stock price appreciation & outperformance, we believe the risk/reward in NFLX shares is becoming more balanced.” NFLX YTD mountain

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stock in 2025.

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has surged nearly 34% in 2025, compared to a 1.3% gain for the S & P 500 . With the stock hovering near its all-time high, the analyst thinks any potential upside to the company’s 2025

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is already priced in. Shares hit a record high last week, reaching an intraday high of $1,196.50. Those gains come as investors fret over global trade tensions after President Donald Trump unveiled a slew of broad tariffs on imported goods. Wall Street has sought protection in

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as worries persist, but Anmuth said they could begin moving elsewhere. “NFLX shares have been defensive, but if tariff & macro concerns continue to ease, we would expect rotation into other Internet names & parts of the market that have been more vulnerable & pressured,” the analyst said. “Summer months are seasonally slower for NFLX, & post last week’s Upfront the near-term catalyst path may be quieter, despite compelling 3Q content,” he said.

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shares were down more than 2% in the premarket after the downgrade. Despite the rating change, most analysts remain bullish on the stock. LSEG data shows that 38 of 51 analysts covering

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rate it a buy or strong buy. the remaining 13 have a hold rating on it.

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#JPMorgan #downgrades #streaming #giant

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