Netflix (NFLX) PT Raised to $199 at BofA/Merrill Lynch, Bull Case Calls For $300/Shr.
BofA/Merrill Lynch raised its price target on Netflix (NASDAQ: NFLX) to $199.00 (from $184.00) while maintaining a Buy rating.
Analyst Nat Schindler sees a bull case for the stock to reach $300 per share. He says pricing is major driver as subscriber gains take more time to achieve. He thinks further price increase in international markets could yield upside to his model and support his bull case.
FY 2017 EPS estimate rises from $1.28 to $1.53, FY 2018 EPS estimate rises from $1.89 to $2.61 and FY 2019 EPS estimate rises from $4.21 to $5.19.