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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Closing Bell Movers: Sezzle adds 18% afterhours after pre-announcement
- Netflix upgraded to Buy from Neutral at Seaport Research
- Netflix (NFLX) Stock Could Rip 20% Higher, Says Top Analyst
- Netflix price target lowered to $1,040 from $1,065 at Oppenheimer
- Netflix price target raised to $1,000 from $825 at BMO Capital
Questions or Comments about the article? Write to editor@tipranks.com