Think Global on Netflix (NFLX) - Pacific Crest

Pacific Crest analyst Andy Hargreaves came out positive on Netflix (NASDAQ: NFLX) today highlighting the global view. He reiterated his Overweight rating and price target of $140.

"We believe Netflix's seamless global distribution is a structural competitive advantage that is likely to provide efficiency
advantages that compound over time," he said. "This should drive share gains and profit growth in excess of current expectations."

Hargreaves argues that Netflix's economics are global and investors and competitors should think of them that way.

They said 2016 should show the advantages of Netflix’s global business model..

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 $89.12 yesterday.

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