Cantor Fitzgerald Raises Netflix (NFLX) Price Target to $180

April 5, 2013 7:52 AM EDT
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Price: $140.11 +1.98%

Rating Summary:
    33 Buy, 23 Hold, 9 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Cantor Fitzgerald today maintained a Buy rating on Netflix (NASDAQ: NFLX) and raised its price target to $180.00 (from $150.00).

Analyst Youssef Squali said, "Recent conversations with management keep us positive on the name longer term, as we believe that Netflix holds a unique position to benefit disproportionately from the rise of Internet TV, where users control timing, length of content and viewing platforms. The company's expanding content selection, lineup of exclusive and proprietary titles and improving personalization not only make its offering more compelling for consumers, but also afford the company price leverage, which we believe is not adequately contemplated in current expectations."

For an analyst ratings summary and ratings history on Netflix (NASDAQ: NFLX) click here. For more ratings news on Netflix click here.

Shares of Netflix closed at $166.69 yesterday.

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