Netflix (NFLX) Shares Rise as Susquehanna Upgrades to Neutral

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Susquehanna's Vasily Karasyov upgraded shares of Netflix (NASDAQ: NFLX) from Negative to Neutral Monday morning.

The analyst argues "that's it for visible downside, at least for now." While Karasyov said "risks to fundamentals and valuation remain to the downside..." he expects downside to be mostly offset by "very low visibility into the drives and a significantly lower stock price..."

Netflix shares are indicated about 4.5 percent higher in Monday's pre-market session. The stock last traded at $66.74.

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

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