Netflix (NFLX) PT Raised to $463 at Imperial Capital Following 4Q Report
Imperial Capital analyst David Miller raised the price target on Netflix (NASDAQ: NFLX) to $463.00 (from $459.00) while maintaining a Outperform rating following the company's 4Q earnings report. Revenues came in at $4.19bn compared to the consensus of $4.21bn. EPS came in at $0.30, coming in ahead of the street's $0.24. Previously issued guidance was $0.23.
Overall revenue estimates fore 2019 move higher on price raises, though EPS moves lower due to higher technology development costs.