Netflix (NFLX) Continues Higher on Positive Analyst Commentary

July 3, 2012 11:50 AM EDT
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Price: $137.39 -0.87%

Rating Summary:
    33 Buy, 23 Hold, 9 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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In addition to a potential short squeeze, shares of Netflix (Nasdaq: NFLX) are benefiting from positive comments out of Citigroup.

Citi's Mark Mahaney said the valuation is "highly reasonable" at 12x P/E for its domestic business. Also recent customers surveys showed incrementally positive trends and a separate survey showed increased tablet usage.

The firm reiterated their Buy rating and $130 price target on Netflix.

For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.

Shares of Netflix are up 5.3 percent today to $71.47.

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