Oppenheimer Reiterates Bullish Stance on Netflix
<p>Oppenheimer analysts reiterated their Outperform rating and $365 price target on <a href='https://financialmodelingprep.com/financial-summary/NFLX'>Netflix, Inc. (NASDAQ:NFLX)</a> in response to Digiday's article, according to which Netflix lets advertisers take their money back after missing viewership targets.</p>
<p>The analysts believe the company’s stock will be driven by subs, not revenue, and data on viewership (80% of Nielsen's Top Ten) are indicative of in-line or better subs. </p>
<p>The analysts are less concerned for four reasons: (1) early in the launch and not flooding a number of ads, (2) if true, $55 CPM is a bullish starting rate, (3) advertisers want to move unspent funds to Q1, (4) Microsoft likely has minimum guarantees, so unlikely Netflix miss ad revenue in short term.</p>

NASDAQ:NFLX