UPDATE: Barclays Initiates Coverage On Netflix, Upside Already Priced In
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
|Jun 2015||Mizuho Securities||Initiates Coverage on||Neutral|
|Jun 2015||Societe Generale||Downgrades||Buy||Sell|
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