Netflix (NFLX) PT Raised to $175 at Baird
Baird raised its price target on Netflix (NASDAQ: NFLX) to $175.00 (from $140.00) while maintaining a Neutral rating.
Analyst William Power expects continued strong growth. He says the company is executing on the global land grab even though FCF losses are continuing to mount. He comments to clients that he would not " fight the current content/subscriber momentum, but also view risk/reward as fair in light of rising FCF losses."
FY 2017 EPS estimate rises from $1.00 to $1.19 and FY 2018 EPS estimate rises from $1.90 to $2.09.