tiprankstipranks

Netflix upgraded to Neutral from Reduce at Phillip Securities

Phillip Securities upgraded Netflix (NFLX) to Neutral from Reduce with a price target of $950, up from $870, post the Q1 report. A “strong” content pipeline and the expansion of its advertising supported tier position will enable Netflix to navigate potential economic slowdowns, the analyst tells investors in a research note. The firm believes the stock’s current valuation suggests limited near-term upside, but cites Netflix’s ability to withstand a recession for the upgrade.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue