Jim Cramer Discusses Why Netflix (NFLX)’s Numbers Are Being Cut

We recently published 15 Stocks on Jim Cramer’s Radar.  Netflix, Inc. (NASDAQ:NFLX) is one of the stocks on Jim Cramer’s radar.

Netflix, Inc. (NASDAQ:NFLX) has been in the news lately due to the ongoing efforts by several media firms to acquire Warner Bros. Discovery. The shares are up by 1.6% over the past year and are down by 2.8% year-to-date. In mid-January, Keybanc cut Netflix, Inc. (NASDAQ:NFLX)’s share price target to $110 from $139 and kept an Overweight rating on the shares. The financial firm pointed out that uncertainty surrounding the streaming giant’s bid to acquire Warner Bros. was creating an overhang for its shares. Keybanc’s coverage came at the same time as Wedbush. The latter also cut Netflix, Inc. (NASDAQ:NFLX)’s share price target. Reducing it to $115 from $140, the firm kept an Overweight rating on the shares. Like Keybanc, BMO Capital also discussed the Warner Bros. affair in its coverage. Along with uncertainty surrounding the deal, BMO also expressed worries about Netflix, Inc. (NASDAQ:NFLX)’s growth slowing down in 2026. Cramer linked the recent downgrades with co-host David Faber’s discussion about the Warner Bros. acquisition:

Photo by Souvik Banerjee on Unsplash

“. . .we’ve got a lot of people cutting numbers on Netflix. . .yeah because of what you’re about to talk about.”

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Disclosure: None. This article is originally published at Insider Monkey.