Netflix (NFLX) Stock: $240 Price Target From BofA Securities

By Amit Chowdhry ● May 13, 2022
  • The shares of Netflix (NASDAQ: NFLX) have received a $240 price target from BofA Securities. These are the details.

The shares of Netflix (NASDAQ: NFLX) have received a $240 price target from BofA Securities. And BofA Securities analyst Nat Schindler is maintaining an “Underperform” rating on the shares.

The rating was adjusted following news that Netflix could introduce a lower-priced tier featuring ads. Plus Netflix is likely going to crack down on password sharing among the subscriber base around the same time.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.