
Netflix (NFLX) Stock Up as UBS Slashes Price Target
NEW YORK (TheStreet) -- Shares of Netflix (NFLX) - Get Report are up 0.18% to $96.14 this morning after analysts at UBS dropped their price target on the stock to $130 from $141.
This comes after a ruling by the U.S. 9th Circuit Court of Appeals that makes sharing passwords for accounts on websites like Netflix a federal crime under the Computer Fraud and Abuse Act.
Earlier this year, Netflix's CEO Reed Hastings said to reporters at the Consumer Electronics Show that the company encourages people sharing passwords.
"As kids move on in their life, they like to have control... and we see them separately subscribe. It really hasn't been a problem," Hastings said.
Separately, TheStreet Ratings rated the stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, TheStreet Ratings also finds weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: NFLX
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










