Netflix engagement running down over past four weeks, says Loop Capital

Loop Capital keeps a Hold rating and $1,000 price target on Netflix (NFLX), stating that while the company’s Q1 engagement is running up 5% quarter-to-date, the past four weeks have all been down based on its weekly reports. Netflix should be more economically resilient than most companies, but some subscribers may shift to the lower-priced ad tier, particularly after the price increase, the analyst tells investors in a research note. Netflix is “superbly positioned”, but the stock is also appropriately valued assuming low-teens revenue growth, Loop added.