Piper Jaffray Maintains Overweight on Netflix

Piper Jaffray is out with its report today on Netflix 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.