Netflix Notes to Better Cash Flow and 4 Stock Analyses to Track
Netflix, Inc. (NASDAQ:NFLX): Current Price: $174.92
According to Wedbush, Netflix’s $400 million senior note offering will reduce its interest rates and solve near-term cash flow problems. Wedbush stated that the capital raise shows Netflix’s continuing cost escalation of its streaming agreements, and the firm notes that it will keep having negative cash flow as long as it pursues money losing international expansion. The firm keeps its Underperform rating and $55 price target on the stock.