Netflix: stock slips, but broker remains optimistic

(CercleFinance.com) - The Netflix stock is down 1% at 487 dollars in early trading on Wednesday, even though a Jefferies analyst confirmed his "buy" recommendation on the share, believing that the streaming giant should benefit from a favourable environment.


"Sports have returned in moderation, but recent postponements (Big Ten / Pac 12 football) should continue to benefit alternative content providers," the broker believes.

Jefferies therefore confirms its target price of 550 dollars for the share (13% upside potential).


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