Scalper1 News
Netflix (NFLX) was snubbed by Emmy voters Monday night, but Pacific Crest Securities showed it some love with a bullish report. The streaming video service earned 31 Emmy nominations for its original shows, including “House of Cards” and “Orange Is the New Black,” but went home empty-handed during the prime-time ceremony. Netflix did win seven awards during the Emmy’s Creative Arts Awards on Aug. 16 for sound mixing, editing, cinematography and other lesser categories. Pacific Crest analyst Andy Hargreaves says investors are underestimating Netflix’s near-term international subscriber growth and its longer-term competitive advantages. He rates Netflix stock as outperform, with a price target of 530. Netflix was down a fraction, near 480, in afternoon trading in the stock market today. The stock hit a record high of 485.30 on Monday. Netflix was weighed down Tuesday by news that Canadian cable giants Rogers Communications (RCI) and… Scalper1 News
Scalper1 News