Buy Netflix on surging international subs: Canaccord

Netflix on a laptop screen
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Investors should buy Netflix on the prospects for large international subscriber gains in the coming years, according to Canaccord Genuity, which initiated coverage on the internet video streaming company with a buy rating.

"Our analysis suggests a long runway for international sub growth in Q4 and beyond, and we believe this is the key metric for the stock through next year at least," Canaccord Genuity's Michael Graham wrote in a note to clients Friday.

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