Credit Suisse Says Netflix's (NFLX) 2019 Slate 'Looks Strong'

Credit Suisse analyst Doug Mitchelson reiterated an Outperform rating and $470 price target on Netflix (NASDAQ: NFLX), noting the 2019 slate "looks strong".

Mitchelson said the 2019 slate is shaping up to be meaningfully stronger than 2018. "This bodes well for 2019 subscriber growth as scaling quality content should benefit both marketing and churn," he said.

The analyst notes promising movies include Martin Scorsese / Al Pacino The Irishman and Michael Bay / Ryan Reynolds Six Underground; '19 series include The Witcher and the beginning of Shonda Rhimes' contributions, among many others detailed in our content tracker.

"The service is not solely hit-driven; the slate is deeper with more dramas, movies and international content, driven by more internally produced content and another step-function increase in original content spending (by an estimated $974m, or 37% Y/Y, to a full 40% of content amortization in 2019)," the analyt adds.

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 $378.10 yesterday.

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