Brean Capital Starts Netflix (NFLX) at Buy, $145 PT
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Rating Summary:
43 Buy, 27 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Brean Capital initiates coverage on Netflix (NASDAQ: NFLX) with a Buy rating and a price target of $145.00.
Analyst Alan Gould commented, "We are initiating coverage of NFLX with a Buy rating and a $145 target price. We believe NFLX has created an unstoppable lead in the internet TV business and is positioned to dominate the business long term. It is on a path to become the largest spender on entertainment content creating a content moat and amortizing it over a global direct-to-consumer audience making it the low cost producer. International losses and investment in original content make the stock appear expensive on traditional metrics. But looking out 15 years, using the model of the domestic market and the first wave of international launches, we believe NFLX can attract 300 million global subscribers generating a $19 ARPU, 29% EBIT margin and over $25 of EPS."
For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.
Shares of Netflix closed at $115.21 yesterday.
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