Netflix (NFLX) Strong Content Slate Can Help Navigate Choppy Reopening Trends - BMO Capital
Get Alerts NFLX Hot Sheet
Rating Summary:
43 Buy, 27 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
BMO Capital analyst Daniel Salmon reiterated an Outperform rating and $700.00 price target on Netflix (NASDAQ: NFLX) and is cautiously optimistic for NFLX's entry into video games. That said, it is likely to be several years before success can be judged, barring a surprise hit game that can drive incremental subscribers.
The analyst stated "near-term, we think a strong 2H content slate can help guide NFLX through choppy re-opening trends, while management continues to lean into the share buyback and support the stock. With tough comps behind it and FCF ramping despite early video game investment, we think investors should be aggressively building positions once again."
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 $531.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Netflix (NFLX) stock removed from Wedbush's Best Ideas List
- Cintas (CTAS) PT Raised to $725 at RBC Capital
- 29Metals Ltd (29M:AU) PT Lowered to AUD0.50 at RBC Capital
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BMO CapitalSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!