Cantor Fitzgerald Maintains Buy On Netflix Ahead Of 3Q14 Results
In a research note issued today, Cantor Fitzgerald Youssef Squali maintained a Buy rating on Netflix (NASDAQ:NFLX) with a $500 price target, ahead of the company’s release of its third-quarter results.
Squali wrote, “We expect Netflix to report solid 3Q:14 results on 10/15, with strength across both the U.S. and international markets. We could see additional upside to international (free) subs given the six-country European launch last month. The stock is up ~26% YTD, dramatically outperforming both the S&P500 and our CII. For the stock to work from here, we need to see further international strength, above and beyond what’s already baked into current expectations, and further contribution margin improvement domestically, in our view.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 31.3% and a 76.8% success rate. Squali has an 82.8% average return when recommending NFLX, and is ranked #2 out of 3335 analysts.