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The Rainmaker

04/17/18 8:31 AM

#6701 RE: The Rainmaker #6700

J.P. Morgan: "Overall, NFLX continues to execute extremely well, emphasizing its case as the best global, secular growth story in tech. We believe NFLX will have further pricing power as the product continues to improve, 2018 could be the peak year of FCF loss, & NFLX does not have the regulatory scrutiny like other large-cap Internets. Importantly, CEO Reed Hastings distanced NFLX from ad supported tech companies on the video interview, instead positioning NFLX more as a media company...We reiterate our Overweight rating & our December 2018 price target increases from $328 to $385 based on our sum-of-the-parts analysis..."