This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) just picked up a fresh Wall Street upgrade, with Deutsche Bank turning bullish on the streaming giant as international growth and artificial intelligence strengthen the long-term investment case. Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold while cutting his price target to $95 from $100. The new target still implies roughly 37% upside from the stock's last close. Warning! GuruFocus has detected 2 Warning Sign with SPCX. Is NFLX fairly valued? Test your thesis with our free DCF calculator.NFLX GF Value chart The upgrade comes even as Kraft lowered his operating income and free cash flow estimates following Netflix's second-quarter results.
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