- (PLX AI) - Investors may want to use the dip in Netflix shares after yesterday's report to buy in anticipation of a return to a bullish scenario in the fourth-quarter, analysts at Wells Fargo said.
- • While the Q3 outlook for subscriber adds was below consensus, the fourth quarter should mark a strong rebound due to new content in the release pipeline, Wells Fargo said
- • A record quarter for content in Q4 will drive a steeper sub curve and re-catalyze the bull case, Wells Fargo said, reiterating an overweight rating on Netflix; price target unchanged at $700
- • Meanwhile, the gaming addition should be seen as incremental to the Netflix investment case, rather than risky: Wells Fargo
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