Oppenheimer Slashes Price Target on Netflix (NFLX) But Maintains Bullish Stance
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Price: $555.04 -9.09%
Rating Summary:
43 Buy, 27 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
43 Buy, 27 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Oppenheimer slashed its price target on Netflix (NASDAQ: NFLX) from $185 to $100 but is keeping their Outperform rating.
The firm revised their model with Q4 guidance as a base.
While they expect a turnover in the shareholder base, with shares trading at 15x 2013E US non GAAP EPS the stock is an attractive opportunity for those with a 12-18 month investment horizon.
"We continue to believe Netflix offers the best value to consumers interested in reasonably-priced IPTV and mobile content, as well as a monitization stream for studio partners."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $80.86 yesterday.
The firm revised their model with Q4 guidance as a base.
While they expect a turnover in the shareholder base, with shares trading at 15x 2013E US non GAAP EPS the stock is an attractive opportunity for those with a 12-18 month investment horizon.
"We continue to believe Netflix offers the best value to consumers interested in reasonably-priced IPTV and mobile content, as well as a monitization stream for studio partners."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $80.86 yesterday.
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