Scalper1 News
Online subscription video leader Netflix (NFLX) is preparing to enter Japan and countries in Southern Europe in the second half of the year, JPMorgan says. Netflix already has announced plans to launch service in Australia and New Zealand on March 31. But JPMorgan sees additional international launches as likely this year in Europe and Asia. JPMorgan analyst Doug Anmuth on Tuesday reiterated his overweight rating on Netflix (NFLX) stock with a price target of 450. His bullish stance is based on subscriber growth Netflix’s aggressive international expansion and compelling slate of original programs. He also sees continued traction in Western Europe and solid U.S. growth. Netflix stock was down a fraction, near 323, in afternoon trading on the stock market today. Netflix is scheduled to report Q4 earnings on Tuesday after the market close. “We expect solid Q4 results, with greater upside potential in international subscribers than in the U.S.,” Anmuth… Scalper1 News
Scalper1 News