Mizuho Securities Starts Netflix (NFLX) at Neutral

Mizuho Securities initiates coverage on Netflix (NASDAQ: NFLX) with a Neutral rating and a price target of $720.00.

Analyst Neil Doshi commented, "We initiate with a Neutral rating and $720 PT. With the stock up 99% year-to-date and a possible risk of a 20% down stock swing on EPS day 3 weeks from now, we’ll stay on the sidelines - even though our SOP analysis values the stock at $720, beyond its all-time high. There is a possibility that the stock gaps up again post 2Q, but we expect there will be plenty of hiccups along the way as Netflix races to be in 200 countries by the end of 2016."

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 $678.61 yesterday.

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