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Netflix: Wedbush upgrades stock

(CercleFinance.com) - Wedbush has upgraded its rating on Netflix shares to "Outperform" (from "Neutral"), with a 12-month target price maintained at 280 dollars, judging that with 40% upside potential relative to its closing price on Friday, the stock represents a compelling investment.


"If Netflix were to acknowledge that its growth has stalled in UCAN and that it is heading toward full market saturation in EMEA, it could trade off growth in those regions for profits, and could raise prices," the broker says.

"If Netflix were to acknowledge that its growth has stalled in UCAN and that it is heading toward full market saturation in EMEA, it could trade off growth in those regions for profits, and could raise prices," it adds.

The share is up over 2.5% at about 192.5 dollars in pre-market trading today.



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