NFLX Way Overvalued, Says Wedbush; ‘Sell Side Are Tools’
Michael Pachter of Wedbush, who follows Zynga (ZNGA), LinkedIn (LNKD) and Netflix (NFLX), among others, was on CNBC this afternoon to talk about Netflix in particular, and a bit about the others. Pachter, who has a Sell rating on Netflix, and a $55 price target, well below its $181.80 price this evening, noted that he’d [...]
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