Netflix (NFLX) Download Growth Holds Up Despite Disney+ Launch - Nomura/Instinet

Nomura/Instinet analyst Mark Kelley reiterated a Buy rating and $330.00 price target on Netflix (NASDAQ: NFLX) noting that Disney+ is not having outsized impact on Netflix’s app download growth.

The analyst stated "Despite Disney+’s strong launch, Netflix’s domestic app download trends remain within historical bounds even with YoY growth deceleration from the prior week, according to Sensor Tower figures. In the week following Disney+’s launch, Netflix app downloads grew +4% YoY vs. the prior 26-week average of flat YoY (though decelerated from +16% YoY growth the week before the Disney+ launch)".

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 $312.46 yesterday.

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