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UPDATE: Barclays Initiates Coverage On Netflix, Upside Already Priced In

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In a report released Thursday, Barclays analyst Paul Vogel initiated coverage on Netflix (NASDAQ: NFLX) and gave the company an Underweight rating with a price target of $420 per share.

Barclays likes the companies in the domestic internet space and project future potential growth.

Vogel states Netflix has long-term potential in subscriptions and innovations to come, but he believes the growth potential and upside surprise is already priced in the shares of the company.

Latest Ratings for NFLX

DateFirmActionFromTo
Dec 2016Evercore ISI GroupUpgradesSellHold
Nov 2016Brean CapitalInitiates Coverage OnBuy
Nov 2016Loop CapitalMaintainsBuy

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Posted-In: Barclays Paul VogelInitiation Analyst Ratings

 

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