- Oops!Something went wrong.Please try again later.
Shares of Netflix (NASDAQ: NFLX) were sliding today after a Jefferies analyst downgraded the company's stock from a buy rating to hold and cut his price target from $737 down to $415. Making matters worse, the broader stock market is experiencing a massive sell-off today as investors expect the Federal Reserve to raise interest rates in the coming months. Netflix's stock fell by as much as 11% today and was down by 5.7% as of 1:52 p.m. ET.