KeyBanc analyst Andy Hargreaves reiterated a Sector Weight rating on Netflix (NASDAQ: NFLX) ahead of the company's 1Q earnings report. Hargreaves expects 1Q results at least in line with consensus, and guidance for 2Q global paid net adds ahead of the sell-side consensus of 5.7M.

KeyBanc continues to view Netflix's strategic positioning very favorably and expect the Company to drive excellent subscriber growth well into the future with growing ancillary opportunities.

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Shares of Netflix closed at $365.95 yesterday.