Deutsche Bank analysts lowered their price target on Netflix, Inc. (NASDAQ:NFLX) to $580 from $590 ahead of the company’s Q4 results, expected to be reported on Jan 20.

The analysts lowered their Q4 Net Add estimate to 7.25 million (vs, Street estimate of 8.5 million) as a result of their analysis of Google trends data. While the analysts don't think the 8.5 million consensus estimate is completely off the table, they view it as the best case, but assigning it a very low probability.