Netflix (NASDAQ: NFLX) delivered mixed Q2 financial numbers. However, what stood out was a lower-than-expected subscriber loss. This led Stifel analyst Scott Devitt to upgrade NFLX stock to Buy. Devitt has a price target of $250 on NFLX stock, implying 15.5% upside potential. Devitt Considers NFLX’s Valuation to be Compelling  Netflix lost 1 million subscribers in Q2 compared to an expected decline of 2 million subscribers. Meanwhile, it expects to add 1 million subscribers in Q3, which is lower than the consensus estimate of 1.7 million. In response to this, Devitt cut his estimates to reflect the lower-than-expected subscriber additions in Q3.
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Netflix (NASDAQ:NFLX)
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