TD Cowen on Netflix (NFLX): 'We think US content slate fears are overblown'

TD Cowen analyst John Blackledge reiterated a Buy rating and $100.00 price target on Netflix (NASDAQ: NFLX).

The analyst commented: "Rev In Line, Op Inc Ahead; Lower Guide Reflects Ads & 1x Expense; NFLX 3Q rev was in line and Op Inc was 4.7% above cons. as UCAN rev accelerated. 4Q rev / Op Inc guides were 0.6% / 6.2% below cons. ests, largely reflecting timing of ads product rollout & 1x headcount reduction expense. We think US content slate fears are overblown (in particular given the accelerating UCAN rev despite recent price increase). We updated ests; maintain Buy & $100 PT."

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 $68.69 yesterday.

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