Commenting on Netflix's (NFLX) quarterly results, Credit Suisse analyst Douglas Mitchelson says that bears will note that the U.S. net adds for Q4 not only came in a bit short, but were well below the 1.529M net adds in Q4 2018, with management blaming the U.S. decline in part on competition with Disney+ (DIS). However, management noted Disney+ has no noticeable impact on overseas subscriber trends in the markets where it launched, he contends. Further, Mitchelson points out that Q4 was likely the toughest competitive launch Netflix will face by far, and the U.S. miss was small relative to Disney+ skyrocketing to a well-ahead-of-expected 20M subscribers right out of the gates. Overall, while the analyst does not expect a strong follow-through for Netflix shares on the Q4/Q1 results, he believes the set-up is now "quite favorable" for Netflix heading into 2020. He has an Outperform rating and $440 price target on Netflix's shares.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here