Piper Jaffray Positive on Netflix (NFLX), Sees Subscriber Upside

December 11, 2019 6:34 AM EST
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Price: $600.51 -2.59%

Rating Summary:
    43 Buy, 17 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 10 | New: 42
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Piper Jaffray analyst Michael Olson reiterated an Overweight rating and $400.00 price target on Netflix (NASDAQ: NFLX)

The analyst comments "The combination of our preliminary "Netflix Navigator" search index and YouTube trailer analysis point to Q4 subscriber addition upside for both domestic and international. Despite an onslaught of new streaming services, we expect Netflix will continue to capture a significant portion of traditional content dollars as they migrate to streaming."

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 $295.00 yesterday.

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Piper Jaffray, Michael Olson