Barclays cuts Netflix price target to $65 from $70
Barclays maintained its Equal-Weight rating on Netflix, according to the supplied ratings-action text.
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Netflix to Cut About 1,000 Jobs, About 6% of Workforce
Netflix announced it will cut about 1,000 jobs, roughly 6% of its workforce, in its largest layoff round since 2022. The cuts were announced less than a week before the company reports third-quarter earnings on Oct. 20.
Barclays cuts Netflix price target to $70
Barclays lowered its Netflix price target to $70 from $80, according to Benzinga.