(CercleFinance.com) – The title Netflix fell heavily this Friday on the New York Stock Exchange, penalized by a downgrading of Goldman Sachs, passed to ‘sell’ against ‘neutral’ so far on the streaming giant.
At 11:00 am, the action lost 4.7% while the Nasdaq yielded 3.3% at the same time.
Goldman Sachs analysts, whose price target goes from 265 to 186 dollars, say they are worried about the impact of a possible recession affecting consumer spending on the group’s results.
They also explain that they fear the consequences of increased competition (both in terms of the arrival of new subscribers and the termination of existing members) in terms of profit margins and investments in content.
For the design office, Netflix has now become a company that will prove itself over the next six to 12 months.
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