Model Roll Drives Netflix (NFLX) PT To $375 At Citi

Citi analyst, Mark May, reiterated his Neutral rating on shares of Netflix (NASDAQ: NFLX) but raised his price target to $375 from $350 as he rolled forward his model for a year. The PT increase does not reflect a change in the expectations for profit growth.

The analyst stated "We are updating our model primarily to reflect a roll-forward of the calendar in our DCF-based price target model. As a result of this change, our 12-month price target increases to $375 from $350".

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 $358.50 yesterday.

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