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Goldman Sachs and Raymond James downgraded their 12-month forecast for Netflix, fearing that the rise in interest rates would undermine the rating of the Internet firm high-flying, which publishes its results Tuesday afternoon.
"We lowered our target price by 10% to $ 400 to reflect rising interest rates," Raymond James analyst Justin Patterson said on Monday.
Patterson said Raymond James remained "optimistic" about Netflix "as business growth factors remain important" and "negative catalysts", such as the competitive threat of other streaming services, " seem weak ".
Citigroup on Friday called on investors to buy the decline, saying the fall of the stock last week represents a point of entry.
"We view the recent sale as an opportunity to own a high quality recurring revenue franchise with attractive upside potential," said Citi.
Citi has a goal of $ 375 stock price on Netflix.
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