Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Pacific Growth Keeps Buy on NetFlix


Pacific Growth reiterated its buy rating on shares of NetFlix (NFLX) on Oct. 7.

Analyst Derek Brown says Blockbuster (BBI) now expects to reach its goal of 2 million subscribers later in 2006 than originally anticipated. He believes this offers further support to his notion that an inflection point in NetFlix's business may have been triggered by Blockbuster's recent price increase. He notes NetFlix updated its third quarter guidance to reflect, among other things, accelerating trends in its core business, raising its 3.35-3.50 million subscriber totals to 3.59-3.61 million. The analyst reiterates his buy rating in light of apparent business fundamentals, competitive dynamics, and valuation considerations.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus