Netflix target raised to $180 ahead of House of Cards' return at Loop Capital
Loop Capital analyst David Miller raised his price target on Netflix to $180 from $172 ahead of the debut next week of Season 5 of "House of Cards." The series "definitely drives subs," said Miller, who noted that after Season 4 became available for streaming last February Netflix ended up handily beating consensus forecasts for domestic and international subscribers. Miller, who believes the same pattern is set to take place again, "enthusiastically" retains his Buy rating on Netflix shares, he stated in the update to investors