Netflix's (NFLX) Liberty Global News is 'Not Overly Surprising', FBR Capital Says

September 14, 2016 11:17 AM EDT
Get Alerts NFLX Hot Sheet
Price: $119.16 -1.37%

Rating Summary:
    32 Buy, 21 Hold, 12 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
Trade NFLX Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

FBR Capital analyst Barton Crockett weighed in on Netflix (NASDAQ: NFLX) following news the service will be integrated into next gen Liberty Global set tops. While clearly a great development for Netflix, Crockett said the news is not overly surprising.

"Our main caveat is that this kind of news is arguably already embedded in a stock that is expected to be adding over 10 million new subs internationally per year," Crockett said.

The firm maintained a Market Perform rating and price target of $90 on NFLX.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $96.09 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Add Your Comment