Barclays Raises Netflix (NFLX) Price Target to $250

July 12, 2013 1:03 PM EDT
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Price: $140.79 +5.65%

Rating Summary:
    33 Buy, 23 Hold, 9 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 33 | New: 34
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Barclays today maintained an Equalweight rating on Netflix (NASDAQ: NFLX) and raised its price target to $250.00 (from $220.00). Analyst Anthony DiClemente thinks Netflix traffic trends and user engagement data for Q2 was solid. He also thinks increasing quality of original content will continue to support subscriber trends, as penetration in connected TVs, smartphones, and media players continues.

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 $244.17 yesterday.

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