Netflix (NFLX) PT Raised to $165 at Jefferies
Jefferies raised its price target on Netflix (NASDAQ: NFLX) to $165.00 (from $141.00) while maintaining a Hold rating.
Analyst John Janedis acknowledges the concern with NFLX cash burn but he expects the stock to be driven by accelerating subscriber growth and profitability in the NT, especially in international markets.
FY 2017 EPS estimate rises from $1.05 to $1.21 and FY 2018 EPS estimate falls from $2.08 to $2.03.