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Netflix Q1 2020 Earnings Note

Netflix Q1 2020 Earnings Note


We are maintaining our Hold rating on Netflix's stock with a 12-month price target of $461.00, implying upside of 8.5%.

We think this period is a net benefit to Netflix given finished content that allows them to ride out the storm, and once customers are on the service, we expect churn rates may look better than investors anticipate, given just how far out in front of the competition Netflix finds itself in sheer volume of content.

Read the rest in the note.