Netflix (NFLX) App Downloads Reverse Negative Trend - Credit Suisse

Credit Suisse analyst Doug Mitchelson reiterated an Outperform rating and $440.00 price target on Netflix (NASDAQ: NFLX) app downloads data through the first 7 weeks of 3Q19 suggests a broad-based rebound in global Netflix trends, reversing its mysteriously poor 2Q19 performance.

The analyst stated "A more marketable content slate appears to be contributing, based on the timing of downloads improvements in certain countries, including Saudi Arabia cracking the top-10. It is unclear if India’s addition of a mobile tier of service is enhancing a rebound there, but international ex-India is similarly improved. Of note, Google search data correlated with our app download analysis".

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 $293.02 yesterday.

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