Stifel upgraded Netflix (NASDAQ: NFLX) from Hold to Buy with a price target of $406.00.

Analyst Scott Devitt upgrades the name citing potential for NT sub add expectations to reset, strong H2 content slate, and domestic/international runway supporting a doubling o the subscriber base in the coming 5 to 10 years.

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 $400.48 yesterday.

Analyst Comments Hot Upgrades Upgrades

Netflix, Inc. (NFLX) Guidance Likely Conservative - Imperial CapitalJuly 17, 2018 9:35 AM Netflix (NFLX) PT Lowered to $430 at Monness, Crespi, Hardt; Hits a Speed BumpJuly 17, 2018 7:37 AM Netflix (NFLX) PT Lowered to $305 at Buckingham ResearchJuly 17, 2018 7:26 AM Netflix (NFLX) PT Raised to $434 at Bernstein; The Day NFLX Investors Have Been Waiting ForJuly 17, 2018 7:09 AM Netflix (NFLX) PT Lowered to $360 at UBSJuly 17, 2018 6:56 AM Netflix (NFLX) PT Lowered to $470 at Goldman SachsJuly 17, 2018 6:39 AM Deutsche Bank Downgrades Netflix (NFLX) to HoldJuly 17, 2018 6:07 AM Netflix (NFLX) PT Lowered to $375 at KeyBancJuly 17, 2018 5:33 AM Netflix (NFLX) PT Lowered to $470 at Credit SuisseJuly 17, 2018 5:16 AM BMO Capital Upgrades Netflix (NFLX) to OutperformJuly 17, 2018 4:56 AM Netflix (NFLX) PT Lowered to $450 at Canaccord GenuityJuly 17, 2018 4:54 AM Netflix (NFLX) Tops Q2 EPS by 6c; Net Sub Additions MissJuly 16, 2018 4:06 PM