J.P. Morgan Advises Investors To Buy Netflix On Dip

In a report published Monday, J.P. Morgan analyst Doug Anmuth advised investors to Buy

due to

related weakness. Anmuth noted that Netflix shares may be feeling near-term pressure as the "Comcast agreement may lead to greater operating costs, may lead to similar agreements with other broadband providers." The analyst added that a more direct connection may aid in the Netflix user experience. Analyzing Netflix's 2014 forecast, J.P. Morgan reported that the company has "likely anticipated some of the higher network agreement related costs in its 2014 forecast." Doug Anmuth holds an Overweight rating on Netflix with a $500.00 price target. Shares of Netflix closed at $432.23 on Friday. Netflix is currently up 2.30% at $442.18.