Netflix
has had a tough run this year. But a number of Wall Street analysts are confident for a recovery in 2023, piling up bullish ratings on the stock.
On Friday, Wells Fargo analyst Steven Cahall upgraded his rating on
Netflix
stock to Overweight from Equal Weight. That followed J.P. Morgan, which had reiterated an Overweight rating on the shares a few days earlier. Back in mid-November, BofA Securities analyst Jessica Reif Ehrlich also reinstated her coverage of shares with a Buy rating. Overall, 21 out of 45 analysts are bullish on Netflix’s shares versus 15 roughly three months ago.
Source: https://www.barrons.com/articles/netflix-stock-rating-streaming-51670619627?siteid=yhoof2&yptr=yahoo