Market Overview

UPDATE: Bank of America Reiterates Netflix at Underperform; Momentum Eschewing Fundamental Risks

Related NFLX
RBC's Top Picks For 2015: Amazon, Netflix And Facebook
Here's Why Even The Failure Of 'Marco Polo' Won't Affect Netflix
Making Money With Charles Payne: 11/13/14 (Fox Business)

Bank of America maintained Netflix (NASDAQ: NFLX) with an Underperform rating and a $96 price target.

Bank of America said, "Since reporting Q4 results on Jan. 23d, Netflix stock has rallied 73%. Although results beat expectations, we believe the stock has moved too far too fast given limited fundamental change and our continued belief that: 1) the total domestic sub base will top at ~35mn; and 2) pricing power is not as strong as some suggest when the company is churning 5-6% of its sub base each month. We are reiterating our Underperform rating and $96 PO based on an SOP analysis."

Netflix closed at $177.89 on Monday.

Latest Ratings for NFLX

DateFirmActionFromTo
Dec 2014UBSInitiates Coverage onNeutral
Nov 2014Stifel NicolausDowngradesBuyHold
Oct 2014Janney CapitalMaintainsBuy

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NFLX)

Around the Web, We're Loving...

Get Benzinga's Newsletters