Piper Jaffray Maintains Overweight on Netflix

Piper Jaffray is out with its report today on Netflix (NASDAQ: NFLX), maintaining Overweight.

In its report, Piper Jaffray writes, "We believe many of the assumptions underlying our Netflix estimates could prove conservative and the recent pullback in shares of NFLX is a buying opportunity."

Piper Jaffray maintains a $330 PT on NFLX.

Shares of NFLX closed Wednesday at $216.03, down 1.60% from Tuesday's close.