UBS analyst John Hodulik raised the firm’s price target on Netflix to $350 from $250 and keeps a Neutral rating on the shares. He expects the company to show progress toward re-accelerating growth in Q4 and believes subscriber additions tracked in-line with management’s guidance at 4.5M, but still believes new initiatives will take time to scale, Hodulik tells investors in an earnings preview note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NFLX:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- What to look for when Netflix (NFLX) reports earnings next week
- Netflix Stock (NASDAQ:NFLX): Poised to be a Disinflation Sensation
- Nancy Pelosi Discloses Stock Market Fire Sale
- Cowen Internet/new media analyst to hold analyst/industry conference call