Instinet raised its price target on Netflix (NASDAQ: NFLX) to $175.00 (from $165.00) while maintaining a Buy rating.

Analyst Anthony DiClemente says 3rd-party download data points to strong subscriber results around the globe. He believes US checks are suggesting strong app store net addition growth. He remains confident in his estimates for international subscribers in 2018 and given increased confidence in the LT subscriber model, he raises his price target Monday morning. He says the SVOD market is large enough to support both NFLX and Amazon.com (NASDAQ: AMZN).