Oppenheimer and Bernstein Cut Netflix Price Targets to $80

Wall Street brokerages have adjusted their valuation expectations for Netflix, Inc., with Oppenheimer and Bernstein SocGen Group both lowering their price targets to $80.00. Oppenheimer analyst Jason Helfstein reduced the firm's target from $85.00 while maintaining an Outperform rating, signaling continued confidence in Netflix's competitive positioning. Earlier the same day, Bernstein SocGen Group analyst Laurent Yoon reduced the firm's price target to $80.00 from $95.00, citing adjusted valuation expectations and shifting sentiment surrounding the streaming company's growth trajectory and financial outlook.