Netflix, Inc. (NASDAQ:NFLX) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 7, the company welcomed the WBD Board of Directors’ continued commitment towards the merger agreement between Netflix and WBD, and the unanimous recommendation of rejecting the revised offer from Paramount Skydance Corporation (PSKY).
Netflix, Inc. (NASDAQ:NFLX)’s co-CEOs added that the WBD Board is fully supportive of and has been recommending Netflix, Inc. (NASDAQ:NFLX)’s merger agreement. WBD Board recognizes it as the superior proposal, which is expected to deliver the greatest value to its stockholders, and consumers, creators, as well as the broader entertainment industry.
In a different update, CFRA analyst Kenneth Leon downgraded Netflix, Inc. (NASDAQ:NFLX)’s stock to “Hold” from “Buy” with a price objective of $100, down from the prior target of $130. The firm cited the pending acquisition of WBD for the downgrade. As per the analyst, Netflix, Inc. (NASDAQ:NFLX)’s strategy for decades didn’t revolve around acquisitions, and Warner’s high debt exhibits risks.
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Disclosure: None. This article is originally published at Insider Monkey.
