Netflix (NFLX) PT Raised to $140 at Guggenheim
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
In a note after the close on Friday, Guggenheim analyst Michael Morris updated his Netflix (NASDAQ: NFLX) model after the 10-Q filing, reiterating a Buy rating and raising his price target to $140.00 (from $135.00).
Morris commented, "We continue to use a DCF as our primary valuation metric for Netflix as we view the company as in an early investment phase, and believe the DCF best reflects the long-term potential value creation. Our price target is now $140, up from $135. Our DCF valuation uses a 7.9% WACC (down from 8.1%, reflecting an anticipated modest increase in debt financing) and a 4.0% long-term growth rate."
Shares of Netflix closed at $127.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FBR Capital Raises Price Target on Methode Electronics (MEI) Following Better Than Expected 2Q
- Jefferies Raises Price Target on Finisar (FNSR) to $37 Following 2Q Beat and Raise
- Baird Raises Price Target on Itron (ITRI) to $73 After Meeting with Management
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Analyst PT Change
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!