Netflix, Inc. reported mixed second-quarter results late on Tuesday, but its stock rose in reaction to a fewer-than-expected loss in net subscriber additions.
The Netflix Analyst
KeyBanc Capital Markets analyst Justin Patterson maintained a ’sector-weight' rating on Netflix shares.The Netflix Thesis
KeyBanc sees “more questions than answers” in Netflix’s second-quarter earnings report, Patterson said in a note. Net adds delivered upside but the content was weighted toward the January-July period, the analyst said.Advertising is making progress but it will skew toward a few markets in 2023, Patterson added.
