RBC Capital Reiterates Outperform Rating on Netflix (NFLX)

RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $480.00 price target on Netflix (NASDAQ: NFLX) following the company's 1Q report. $4.52B in Revenue came in above the Street, implying 22% Y/Y, though 28% ex-FX. The Q2 Revenue outlook calls for $4.93B, below the Street at $4.96B, implying 26% Y/Y and 32% ex-FX.

For Q2, numbers came in below expectations, with Domestic Q2 Paid Sub Adds of 300K below the Street at 638K and
down from 872K in Q2:18, and International Q2 Paid Sub Adds of 4.70MM below the Street at 4.77MM but up vs. 4.58MM in Q2:18.

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 $355.55 yesterday.

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