Netflix (NFLX) Neutral Rating Reiterated at Mizuho Securities Following Q3 Results
Mizuho Securities analyst Neil Doshi reiterated a Neutral rating and $115 price target on Netflix (NASDAQ: NFLX) following earnings after the close.
Doshi commented, "We reiterate our Neutral rating and $115 PT on NFLX. Shares traded down in AH (-3%) with the modest miss. The lower domestic subs was due to involuntary churn. Int'l subs came in better than expected, but that was driven by greater free trials. The recent price increase is a positive, but we see increased risk as Netflix pushes into new, non-English territories. We are staying on the sidelines for now given valuation."
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Shares of Netflix closed at $110.23 yesterday.