Seeking Alpha

Oppenheimer: Netflix pullback an opportunity

  • Netflix (NFLX) is upgraded by Oppenheimer to an Outperform rating.
  • The investment firm sets a price target of $419.
  • The recent pullback in Netflix gives investors a more compelling risk/reward proposition, says Oppenheimer.
  • NLFX +0.4% premarket to $338.76
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Comments (2)
  • KISS_investor
    , contributor
    Comments (378) | Send Message
     
    If the stock goes up on this its an opportunity for institutional investors to sell

     

    Price target $419!!! hehe, that's 5% lower than it was a month ago
    7 Apr 2014, 08:55 AM Reply Like
  • Doc's Trading
    , contributor
    Comments (1735) | Send Message
     
    NFLX..Technical assessment: Despite stock not given chance to make a reversal after 25 days of which 22 were down (due to upgrade by Oppenheimer)...there is only a 50/50 chance a long will make a positive trade from here..... If you must trade it long use a 329.90 stop. My advise is to wait for this up move to react , then take a second look for a better entry and tighter stop..... any move toward 370-377 is point of first resistance...Sell all longs and /or go short.
    more later.....
    8 Apr 2014, 11:40 PM Reply Like
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