Thursday, November 15, 2018

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Reed Hastings, CEO of Netflix

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Reed Hastings, CEO of Netflix

One Wall Street brokerage just did an about-face on Netflix, telling clients the the stock’s 27 percent decline from its July high represents an attractive buying opportunity.

Netflix is down more than 9.9 percent over the last three months and is off nearly 27 percent from its 52-week high of $423.21 amid a technology stock rout. Shares of Facebook, Amazon and Google-parent Alphabet are each down more than 8 percent so far this quarter.

Shares rose 0.5 percent in premarket trading following the Buckingham upgrade.

WATCH: Netflix crushed earnings — Watch five experts break down what happens next for the stock


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