JPMorgan remains positive on Netflix shares into Q4 results
JPMorgan analyst Doug Anmuth remains positive on shares of Netflix into the company's Q4 results on January 21. The analyst has more confidence in Netflix's net additions given its "strong" Q4 content, which includes The Witcher, The Crown 3, The Irishman, 6 Underground and You 2, as well as easing churn from price increases. Anmuth now believes Netflix's net adds will increase in 2020 from 2019 and he has increased confidence in the company's multi-year international growth potential. Despite the stock's recent strong performance, investor sentiment "remains quite mixed," Anmuth tells investors in a pre-earnings research note. He keeps an Overweight rating on Netflix.