Netflix (NFLX) PT Raised to $190 at Credit Suisse; Remains on the Sidelines

Credit Suisse raised its price target on Netflix (NASDAQ: NFLX) to $190.00 (from $154.00) while maintaining a Neutral rating following strong results.

Analyst Stephen Ju noted the beat-and-raise result due primarily to the ongoing strength of its owned-and-operated content. International results for 2Q17 were particularly strong as the company added 3.7mm paid subs.

The firm is staying Neutral on valuation.

The firm updated revenue and Adj. EPS projections for FY17 are now $11.51 billion and $1.53 vs. prior $11.48 billion and $1.46.

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