Citi keeps a Neutral rating and $920 price target on Netflix (NFLX) ahead of its Q4 results next week. The firm expects the company to report net additions ahead of sell side estimates and notes that investor focus will likely remain on potential price hikes, the firm’s sports strategy, and the ad-tier. Citi adds however that while it likes Netflix’s strategy and execution, the firm does not see material upside in the stock at prevailing levels.
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