Netflix: Jefferies raises target price
(CercleFinance.com) - A Jefferies analyst said on Friday that he is increasing his target price for the Netflix share from 520 dollars to 550 dollars.
Although it notes some turbulence, the broker confirms its "buy" rating on the stock.
"While the soft 3Q outlook may put the stock in the penalty box near-term, there is no change to our positive LT thesis. We view NFLX as a consistent high double-digit growth story with sizable margin expansion over time," the broker says.
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