Netflix bulls on Wall Street were unfazed by mixed first-quarter financial results from the video streaming company even after the shares were down 2 percent midday Tuesday in response to the report.
About 60 percent of Wall Street analysts still have buy ratings on Netflix, according to FactSet.
Below is a summary of what Wall Street firms are now telling clients to do with the stock.
Goldman analyst Heath Terry reaffirmed his buy rating on Netflix and $170 price target for the shares, representing 15 percent upside from Monday’s close.
“With ~20 percent growth in content spend (est.) this year, a growing distribution ecosystem and expanding addressable base, we believe that Netflix remains on track in building out an unmatched global entertainment platform.”