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Netflix shares jump after Citi says investors should buy the big dip

Jeff Cox

Neflix shares rose nearly 4 percent after Citigroup said investors should buy the recent dip that has seen the streaming company's shares tumble. Citi called Netflix "a high-quality, recurring revenue franchise with attractive upside potential" and reiterated its $375 price target, representing 17 percent upside. Netflix NFLX shares jumped Friday morning after Citigroup said the recent tumble represents a buying opportunity for the entertainment streaming company.