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Morgan Stanley Revises Netflix Stock Price Target for 2027
GuruFocus ·
GuruFocus reports: Morgan Stanley lowered its price target on Netflix to $80 from $83 on Thursday while maintaining a Buy rating, according to a research note. Analyst Sean Diffley cited near-term headwinds but remains positive on the streaming company's long-term prospects. The stock has fallen about 23% this year as viewer engagement stalls and competition grows. Diffley noted the lack of a breakout English-language hit. The analyst expects double-digit revenue growth and margin expansion…