"If this causes a dip, we would buy it," writes one Wall Street observer.
BMO Capital Management analyst Daniel Salmon, who has an"outperform" rating on the stock, increased his stock price target from $625 to a Wall Street high of $700, touting, in his report's title,"The End of Free Cash Flow Losses." He boosted his price target on Netflix's shares, which he rates at"buy," by $10 to $660, concluding:"We remain bulls on the Netflix story."
Concluded Juenger:"Those offsets are roughly value neutral to our ... target price, but we believe there is much greater chance of over-delivery versus under-delivery."
The Netflix Mehta Scam
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Decaying industry.
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