Netflix: Jefferies still a buyer
(CercleFinance.com) - On Friday an analyst at Jefferies maintains a "buy" recommendation on the Netflix stock, while confirming a target price of 520 dollars for it.
"People are underappreciating the structural benefits that will come from COVID. Linear competition is hurting, and the lack of sports is resulting in significant advertising pressure. The media paradigm has shifted. Netflix now gets the first look at acquiring content rather than the last, a significant go-forward advantage," the broker appreciates.
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