Oppenheimer Lifts Price Target On Netflix (NFLX) to $130
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Price: $75.93 -2.85%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Oppenheimer raised its price target on Outperform-rated Netflix (NASDAQ: NFLX) from $90 to $130 following better than expected 4Q results and 1Q guidance.
The firm comments, "In our view, movement of the stock is largely based on investor sentiment around the sustainability of the business model, driven by near-term results. Streaming subscribers stabilized q/q and are expected to increase 5-10% sequentially in 1Q. Meanwhile, Int'l subs increased 26% sequentially, and should increase 35-70% in 1Q."
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 $95.04 yesterday.
The firm comments, "In our view, movement of the stock is largely based on investor sentiment around the sustainability of the business model, driven by near-term results. Streaming subscribers stabilized q/q and are expected to increase 5-10% sequentially in 1Q. Meanwhile, Int'l subs increased 26% sequentially, and should increase 35-70% in 1Q."
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 $95.04 yesterday.
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