Netflix (NFLX) Faces 'Transition Risk' but Valuation Compelling; Stifel Upgrades to Buy

Go back to Netflix (NFLX) Faces 'Transition Risk' but Valuation Compelling; Stifel Upgrades to Buy

Cowen Upgrades Netflix (NFLX) to Outperform; Improving User Metrics, Originals to Drive Upside

January 16, 2015 6:07 AM EST

Cowen upgrades Netflix (NASDAQ: NFLX) from Market Perform to Outperform and moves its price target from $360 up to $382.

Analyst John Blackledge offered the following commentary on today's move:

NFLX Survey: Strong Improvement in Time Spent, Rating, & Pricing Power

Our survey of 1K US persons suggests: (i) NFLX user rating is the highest among OTT video service (22% higher than HBO Go); (ii) time spent is rising at 7.7 hrs/week vs. 6.7 from July 13 and on par with live TV... More