Morgan Stanley Removes Netflix (NFLX) from Top Pick List After 6 Months As 'auto-drop criteria' is triggered

Morgan Stanley analyst Benjamin Swinburne reiterated an Overweight rating and $1,500.00 price target on Netflix (NASDAQ: NFLX).

The analyst comments "Removing the Top Pick given it has met the following auto-drop criteria: the Top Pick is outstanding for 6 months. ▪ The addressable market for streaming remains compelling, and Netflix's global leadership and content budget remain key advantages in capturing share of overall market growth. ▪ We continue to see Netflix as a FCF generative business, with long-term FCF margins determined by the ability to drive higher scale on fixed operating costs."

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 $1220.08 yesterday.

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