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Barclays a big believer in Netflix

Published 01/11/2018, 08:52 AM
© Reuters.  Barclays a big believer in Netflix
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  • Barclays (LON:BARC) keeps it simple in laying out why Netflix (NASDAQ:NFLX) is an attractive investment and is likely to become the second biggest pure media company outside of Disney within three to five years.
  • "Netflix bull case at the core is relatively simple – if subscriber growth is faster than content cost growth over time, it could become one of the most successful media companies. We believe this is possible," writes analyst Kannan Venkateshwar.
  • "Our view is supported by Netflix's global footprint and access to ~550mm broadband subs, demonstrated pricing power, growing content library, changing mix towards local content, and its increasing 'stickiness' due to multiple seasons of established originals," he adds.
  • Netflix is initiated by Barclays at Overweight and assigned a price target of $245.
  • NFLX +0.92% premarket to $214.48.
  • Now read: Will Apple (NASDAQ:AAPL) Buy Netflix?


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