Buy the dip in Netflix stock as Q3 results show “no new negatives”: DB

Investing.com -- Deutsche Bank reiterated its Buy rating and $93 price target on Netflix on Wednesday, stating that the streaming giant's third-quarter report revealed "no new negatives" beyond an operational delay in its advertising rollout. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Netflix shares are down more than 6% premarket after the company reported results that were in line with or better than Deutsche Bank's estimates. The bank's note was titled "No New Negatives; Buy The Dip." However, Netflix lowered its revenue guidance to the low end of its previous range while reiterating its operating margin guidance of 31.5%.