DonCorleone77
Sep 29, 11:09 AM
$NFLX Deutsche upgrades Netflix on attractive entry point after selloff
Deutsche Bank upgraded Netflix to Buy from Hold with a price target of
$95, down from
$100. The firm says the market's "obsession" over U.S. time spent on Netflix overlooks the company's larger total addressable market and "healthier" international engagement trends. Netflix's international time spent has increased year-over-year in each of the past four six-month periods, the analyst tells investors in a research note. Deutsche believes this year's softness in U.S. time spent on Netflix "could simply be driven by less creative success." The firm says Netflix has an "established competitive advantage and substantial lead" over competitors in international production. The stock's valuation now offers an attractive entry point, contends Deutsche Bank.
0 replies