Piper Sandler analyst Matt Farrell maintained Netflix Inc (NASDAQ: NFLX) with a Neutral and lowered the price target from $440 to $400.
Heading into the earnings announcement, he views dynamics as a mixed bag.
Management talked down margins for next year at an investor conference in mid-September, while the leader of the advertising business is stepping away after just one year on the job.
In addition, reports of a price increase on the ad-free plans could help support revenue acceleration.
Farrell suspects the paid-sharing roll-out will continue to be a tailwind for subscribers in the near term.
Over the last week, media reports noted Netflix could be raising prices on its ad-free plans once the ...