Netflix Stock Declines as Morgan Stanley Maintains Overweight Rating

Morgan Stanley has maintained its Overweight rating on Netflix, setting a price target of $115 despite the stock's 9.72% decline on Friday. According to NS3.AI, Netflix's Q2 guidance fell short of Wall Street expectations, with full-year revenue projected at $51.2 billion compared to the anticipated $51.38 billion. Additionally, Netflix has set an operating margin target of 31.5%, slightly below the forecasted 32%. Following these developments, Netflix shares were trading around $97 after the drop.