Canaccord Genuity Maintains a 'Sell' on Netflix (NFLX); Questions Raised
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Price: $80.14 -0.1%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Sell' on Netflix (NASDAQ: NFLX) price target raised from $66 to $68.
Analyst, Jeff Rath, said, "We maintain our rating and have increased our target to $68 after NFLX’s Q1/12 results. We continue to believe that NFLX faces numerous challenges, including DVD subscriber losses, rising content costs and an increased competitive landscape..We remain concerned about the long-term economic model of the streaming business as competition increases."
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 $101.84 yesterday.
Analyst, Jeff Rath, said, "We maintain our rating and have increased our target to $68 after NFLX’s Q1/12 results. We continue to believe that NFLX faces numerous challenges, including DVD subscriber losses, rising content costs and an increased competitive landscape..We remain concerned about the long-term economic model of the streaming business as competition increases."
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 $101.84 yesterday.
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