Stifel upgrades Netflix amid stock plunge, sees buying opportunity for a 'blue-chip' tech company

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New for subscribers: Stifel upgrades Netflix amid stock plunge, sees buying opportunity for a 'blue-chip' tech company. Check out CNBCPro today.

Mike Blake | Reutershas created an opportunity for investors to add positions in one of the best consumer technology stocks around, investment firm Stifel said in a note to clients.

Netflix beat projections for its earnings per share and revenue, but its subscriber additions of 3.98 million were more than 2 million below what Wall Street was looking for,However, Stifel upgraded the stock to buy from neutral, saying that Netflix was due to have a rough subscriber quarter but the long-term trajectory remains intact.

 

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