$NFLX,...Bullish RBC Capital call boosts Netflix
Netflix (NFLX +1%) is on the rise after RBC Capital NFLX)boosts its price target on the Outperform-rated stock to a cool $600.
The investment firm sees a significant growth opportunity for the streamer in Europe and forecasts a 10%-20% penetration rate in key markets.
Netflix has very strong brand reputation with consumers in the U.S., according to new tracking. Churn rates should dip, predicts RBC.
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