Netflix can rally nearly 30% once rotation away from home stocks eases, says Jefferies
In this photo, the Netflix logo in the App Store is displayed on the screen of a smartphone.
Rafael Henrique | SOPA Pictures | LightRocket | Getty Images
Netflix has solidified itself as a leader in streaming video and its stock price is expected to rebound strongly in the coming months, according to investment firm Jefferies.
Analyst Andrew Uerkwitz assumed coverage of the stock on Wednesday, giving the stock a buy rating and saying its cash flow should help it fend off its competition.