Netflix (NFLX) PT Raised to $325 at Cowen on 1Q18 Earnings Preview; '1Q Originals Slate a Positive Tailwind'
Cowen raised its price target on Netflix (NASDAQ: NFLX) to $325.00 (from $275.00) while maintaining a Outperform rating, ahead of the company's first quarter earnings announcement on April 16th.
Analyst John Blackledges notes an upbeat outlook on the shares ahead of NFLX's first quarter earnings announcement, highlighting expectations for U.S. net streaming subscription additions to hit 1.45 million, in-line with guidance, while projecting international net streaming sub adds to hit 4.94 million, slightly above prior guidance of 4.90 million. NFLX original content served as a "positive tailwind" with U.S. original hours increasing 85% year over year.