Buy Netflix’s Stock Dip, Says J.P. Morgan

Netflix


stock is falling Thursday after Wall Street sized up a recent wave of price cuts in some international markets. An analyst at J.P. Morgan sees a buying opportunity in the streaming giant’s shares.

Netflix


(ticker: NFLX) has lowered monthly subscription prices in more than 100 territories, according to Ampere Analysis, which notes the cuts took place in Central and South America, sub-Saharan Africa, the Middle East, North Africa, Central and Eastern Europe, and Asia Pacific regions. The cuts do not impact the firm’s biggest markets like North America and Western Europe. Cuts on the basic tier range form 20% to nearly 60% for new and existing subscribers, Ampere notes. It estimates the cuts will impact more than 10 million subscribers.