In a report published Thursday, Bank of America analyst Nat Schindler reiterated an Underperform rating and $294.00 price target on Netflix NFLX.
In the report, Bank of America noted, “Netflix reported rev/GAAP EPS of $1.41bn/$0.96 beating on EPS and in-line on revenue on consensus estimates of $1.41bn/$0.91. Domestic contribution margins increased 500bps while International contribution margins declined by 490bps on the France and Germany launches. Subscriber growth missed estimates with 960K domestic (down from 1.3mn in 3Q13) and 2mn international net subs adds.”
Netflix closed on Wednesday at $448.59.
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