Barclays Maintains an 'Overweight' on Netflix (NFLX); Reintegrating Queues A Positive Step
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Price: $78.16 -0.1%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Netflix (NASDAQ: NFLX) price target of $260.00.
Barclays analyst says, "We acknowledge that sub gross adds could have slowed and churn may have accelerated in the last two weeks of September post Qwikster and we would have preferred better planning and execution by management. But we believe this reversal was the right thing to do for the brand and the service, particularly as we enter the seasonally strongest period of the year. We have been encouraged with recent new content partners DreamWorks Animation (NYSE: DWA), AMC, Discovery (Nasdaq: DISCA), among others, we continue to expect strong growth in 2012, and we believe shares are compelling at current levels."
"One of the goals of the separation was to help streamline internal operations-business decisions, employee culture, and content acquisition could be aligned by technologies-between old media DVD versus new media video streaming. We believe Netflix can still accomplish these goals internally and that it still plans to separate its DVD business financials beginning in 4Q."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $111.62 yesterday.
Barclays analyst says, "We acknowledge that sub gross adds could have slowed and churn may have accelerated in the last two weeks of September post Qwikster and we would have preferred better planning and execution by management. But we believe this reversal was the right thing to do for the brand and the service, particularly as we enter the seasonally strongest period of the year. We have been encouraged with recent new content partners DreamWorks Animation (NYSE: DWA), AMC, Discovery (Nasdaq: DISCA), among others, we continue to expect strong growth in 2012, and we believe shares are compelling at current levels."
"One of the goals of the separation was to help streamline internal operations-business decisions, employee culture, and content acquisition could be aligned by technologies-between old media DVD versus new media video streaming. We believe Netflix can still accomplish these goals internally and that it still plans to separate its DVD business financials beginning in 4Q."
For more ratings news on Netflix click here and for the rating history of Netflix click here.
Shares of Netflix closed at $111.62 yesterday.
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