Netflix Downgraded To Neutral On Stock Leap

BTIG Research analyst Richard Greenfield doesn't seem like one to move the goalposts. When Netflix, Inc. (NASDAQ:NFLX) exceeded the target price he set for the company, he downgraded the firm's stock to Neutral. That demonstrates a great deal of confidence in his older valuation of the company, and a belief that Netflix, Inc. (NASDAQ:NFLX)'s price growth has topped out.

Shares in Netflix, Inc. (NASDAQ:NFLX) are down today after setting an all-time high of $314.18 yesterday. The company has seen massive growth in its value over 2013, led by a belief among investors that the company's...