Netflix (NFLX) PT Raised to $175 at Instinet

Instinet raised its price target on Netflix (NASDAQ: NFLX) to $175.00 (from $165.00) while maintaining a Buy rating.

Analyst Anthony DiClemente says 3rd-party download data points to strong subscriber results around the globe. He believes US checks are suggesting strong app store net addition growth. He remains confident in his estimates for international subscribers in 2018 and given increased confidence in the LT subscriber model, he raises his price target Monday morning. He says the SVOD market is large enough to support both NFLX and Amazon.com (NASDAQ: AMZN).

You May Also Be Interested In

• SanDisk (SNDK) PT Raised to $3,000 at Bernstein SocGen Group, 'We believe this is not understood by the Street'
• Goldman Sachs Upgrades Tradeweb Markets (TW) to Buy
• Commercial Metals Company (CMC) PT Lowered to $77 at BMO Capital on lower assumed multiples