Netflix Inc.’s stock NFLX is still a sell, even after the streaming giant added far more subscribers than expected in the second quarter and topped profit estimates, according to Benchmark. Analyst Matthew Harrigan said he expects the company to benefit from its new ad-supported tier and from a crackdown on password-sharing over time.
Analyst Matthew Harrigan said he expects the company to benefit from its new ad-supported tier and from a crackdown on password-sharing over time.” In assessing risk/reward on NFLX we continue to emphasize a matrix assessing share price potential off 2033 installed base and long-term operating profit margin,” Harrigan wrote in a note to clients.
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