UBS Downgrades Netflix Stock: “Risk/Reward No Longer Compelling”

Read on: Deadline

Citing data from its own polling of consumers as well as its financial analysis, UBS issued a downgrade of Netflix stock to “neutral” from “buy.” In a research report issued after the close of trading, the Wall Street investment firm said the streaming service’s stock, which closed today at $418.65, is simply overextended. It has gained 117% in 2018 to date and has given the company a richer valuation than traditional media giants like Disney and Comcast. “At these…