Netflix (NFLX) Strong Content Slate Can Help Navigate Choppy Reopening Trends - BMO Capital

BMO Capital analyst Daniel Salmon reiterated an Outperform rating and $700.00 price target on Netflix (NASDAQ: NFLX) and is cautiously optimistic for NFLX's entry into video games. That said, it is likely to be several years before success can be judged, barring a surprise hit game that can drive incremental subscribers.

The analyst stated "near-term, we think a strong 2H content slate can help guide NFLX through choppy re-opening trends, while management continues to lean into the share buyback and support the stock. With tough comps behind it and FCF ramping despite early video game investment, we think investors should be aggressively building positions once again."

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 $531.05 yesterday.

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