In an unrated report dated Oct 9, PhillipCapital analysts Yeap Jun Rong and Chua Wei Ren say that the company is “standing firm against [its] competition”.
PhillipCapital likes Netflix, the video streaming service, giving it a target price of US$585 ($794.70) as the shares currently trade at US$505.87.
The brokerage has also given its entry price and stop loss recommendations at US$458.40 and US$390.37.
