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

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In a report published Monday, J.P. Morgan analyst Doug Anmuth advised investors to Buy Netflix(NASDAQ: NFLX) due to Comcast (NASDAQ: CMCSA) 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.

Latest Ratings for NFLX

DateFirmActionFromTo
Apr 2021Piper SandlerInitiates Coverage OnOverweight
Mar 2021Argus ResearchUpgradesHoldBuy
Mar 2021BenchmarkMaintainsSell

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

 

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Posted-In: Doug Anmuth J.P. MorganAnalyst Color Analyst Ratings

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GDWolfe ResearchDowngrades
QRTEAB of A SecuritiesInitiates Coverage On
ABB of A SecuritiesDowngrades42.0
VCTRB of A SecuritiesUpgrades32.0
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