Netflix Stock Jumps After Deutsche Bank Upgrade on Global Opportunity

This article first appeared on GuruFocus. Netflix (NFLX) rose 2% Tuesday trading after Deutsche Bank shifted its stance on the streaming company to Buy from Hold, while lowering the price target to $95 from $100. Analyst Bryan Kraft said the market may be placing too much weight on viewing time in the U.S. and not enough on overseas engagement. He noted international viewing has increased year over year across each of the last four six-month periods. Warning! GuruFocus has detected 10 Warning Signs with RKT. Is NFLX fairly valued? Test your thesis with our free DCF calculator.NFLX GF Value chart Kraft also pointed to Netflix's international production footprint, with more than 60% of production now based outside the U.S.