Netflix (NFLX) PT Raised to $165 at Cowen Amid 'Stellar' Q4
Cowen raised its price target on Netflix (NASDAQ: NFLX) to $165.00 (from $155.00) while maintaining a Outperform rating following 'stellar' Q4 results.
Analyst John Blackledge commented, "NFLX reported strong 4Q16 results led by a large US and Int'l sub beat relative to expectations, with solid 1Q17 guide, as Int'l sub guide was near our street high estimate, while US sub guide a bit light. Underlying biz trends (sub growth, improving content, etc.) driving share +8% AH. Target Price to $165 from $155 previously, maintain Outperform."