Netflix Inc.’s stock was flat Friday after Benchmark analysts reiterated their sell rating on the stock even as they raised their price target by 30%, arguing that it’s looking overvalued in a momentum market.

It may come as a bit of a surprise to learn that Netflix (NASDAQ:NFLX) stock has been one of the biggest gainers in the S&P 500 for 2024. With shares up just north of 90% on the year, shareholders are sure to be wondering if it's time to hit the sell button or if the fast-moving streaming giant has more performance to show off.

Netflix shares have since the NFL Christmas Day games. It doesn’t bode well for the streamer’s big live-sports push.

WWE "Raw" will stream exclusively on Netflix. The wrestling franchise is hoping for a huge global and multigenerational audience following years of success on TV and drama inside and outside the ring.