Netflix Q1 results to show more progress toward accelerating growth, says UBS

UBS keeps a Neutral rating and $350 price target on Netflix ahead of the company’s Q1 results. The quarter will likely show continued progress toward re-accelerating growth as subscribers added will come in ahead of the company’s outlook for "modest" adds, helped by a slower ramp for paid sharing, the analyst tells investors in a research note. UBS adds that Netflix’s Q2 guidance will also imply accelerating revenue and operating income growth thanks to accretion from paid sharing and easier comps on operating expense.