Analysts at Stifel cut their Netflix Inc. NFLX, -1.47% target price to $395 from $406 on Friday while maintaining their buy rating. Analysts said they were taking into account foreign exchange movement and how large titles like “Chilling Adventures of Sabrina” and the sixth season of “House of Cards” seemed to be weighted toward the middle and end of the fourth quarter, which could lead to a wider range of outcomes. Stifel also noted the fourth-quarter slate included several new shows, which generally don’t do as well as new seasons of previously established shows. Netflix announces earnings next Tuesday after market close. Shares of the streaming company are up 4.6% in premarket trading after tumbling 9.7% over the past two days. In the year to date, shares have gained 67%, while the S&P 500 SPX, -2.06% has gained 2%.
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