Netflix Gaining Ground In Europe, Bolstering Stock Story

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Internet television network Netflix ( NFLX ) is making big subscriber gains in Europe while it holds its lead in the U.S., a new survey indicates.XRBC Capital Markets on Friday reported the results from its latest consumer survey, which backs its positive thesis on Netflix stock.RBC analyst Mark Mahaney reiterated his outperform rating on Netflix stock with a price target of 450.Shares have tumbled on concerns about competition coming in 2019 from Walt Disney ( DIS ), AT&T s ( T ) WarnerMedia and Apple ( AAPL ).On a negative note, expectations for churn rose to the highest level in the last 27 quarterly surveys, RBC said.

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