Benchmark has issued a report indicating that Netflix Inc. ($NFLX) stock is overpriced, projecting nearly a 20% downside risk. Meanwhile, technical analysts have noted vulnerabilities in Netflix's stock chart following a significant price movement. On January 5, Netflix showed notable weakness, rejecting off the 8/21 EMA cloud, which raises concerns about its stability if market conditions worsen. Despite these warnings, Argus has raised its price target for Netflix to $1,040. Traders are also speculating on potential price movements, with some anticipating a reversal opportunity as earnings are scheduled for January 21. Additionally, there are discussions regarding a possible stock split that could push the price above $1,000.