Netflix (NFLX) PT Raised to $140 at Guggenheim

October 24, 2016 9:58 AM EDT
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Price: $120.81 +3.06%

Rating Summary:
    32 Buy, 21 Hold, 12 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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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."

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 $127.50 yesterday.

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