Netflix Stock Gets Downgrade With Shares Up 400% In Three Years: 'Expect Rotation Into Other Internet Names'
1. JPMorgan downgraded NFLX from Overweight to Neutral, raising target to $1,220. 2. Analyst cites balanced risk/reward due to stock's recent gains. 3. No change in long-term bullish view on NFLX's streaming leadership. 4. Possible rotation into other Internet names if macro concerns ease. 5. Upcoming content may drive demand in late 2025; high expectations could be a risk.