Netflix (NFLX) Upgraded on Ad Plan

Netflix (NFLX) is today’s FOMO stock. In this segment, Alex Coffey and Jenny Horne discuss Atlantic Equities upgrade on Netflix (NFLX) to Overweight from Neutral with a price target of $283, up from $211. The analyst believes Netflix ad supported service launch could generate $26 per month, per user. That’s more than three times the level of Disney's (DIS) Hulu. That’s an estimated incremental revenue of $6.7B over three years. Alex demonstrated an example Buy Call Condor trade using shares of Netflix (NLFX) which were trading ~$243/share on Wednesday.