Netflix (NFLX) Likely to Add Australia in 2015 - Stifel

Stifel Nicolaus analyst Benjamin Mogil reiterated a Buy rating and $500 price target on Netflix (NASDAQ: NFLX) saying they view Australia as a likely addition next year.

Mogil commented, "Following the launch of Netflix this week in six new European countries and data that suggests that Netflix has secured exclusive SVOD rights in Australia, we view it as likely that Netflix will enter the Australian market in 2015. The Australian market has similar market characteristics to those in the U.K and Canada where Netflix has seen success in the past."

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 $456.91 yesterday.

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