Netflix (NFLX) Download Growth Holds Up Despite Disney+ Launch - Nomura/Instinet

Nomura/Instinet analyst Mark Kelley reiterated a Buy rating and $330.00 price target on Netflix (NASDAQ: NFLX) noting that Disney+ is not having outsized impact on Netflix’s app download growth.

The analyst stated "Despite Disney+’s strong launch, Netflix’s domestic app download trends remain within historical bounds even with YoY growth deceleration from the prior week, according to Sensor Tower figures. In the week following Disney+’s launch, Netflix app downloads grew +4% YoY vs. the prior 26-week average of flat YoY (though decelerated from +16% YoY growth the week before the Disney+ launch)".

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $312.46 yesterday.

You May Also Be Interested In

• Ultragenyx Pharma (RARE) PT Lowered to $37 at Canaccord
• Netskope (NTSK) PT Raised to $18 at BMO Capital
• Snowflake Inc. (SNOW) PT Raised to $450 at Monness, Crespi, Hardt