Netflix Inc (NFLX)

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News: Netflix Subscriber Growth Peak Is Still Years Away, Analyst Says -- MarketWatch
5 hours 59 minutes ago - DJNF
MKM Partners analyst Rob Sanderson on Monday raised his 12-month price target on Netflix Inc. (NFLX) to $320 from $245. That represents a roughly 17% premium to the stock's Friday close. It's also among the highest price targets on Netflix, according to FactSet. BTIG analyst Rich Greenfield has a $330 price target on Netflix. Sanderson wrote in a note to investors that he raised his price target as a result of Netflix's recent fourth-quarter earnings that impressed Wall Street and outsized subscriber growth. He wrote that the peak for Netflix's subscriber growth could still be years away. "While there is certainly a bullish sentiment surrounding the stock, we think that many investors still underestimate the Netflix story particularly with respect to the penetration opportunity around the world," Sanderson wrote. "We think that continued subscriber momentum, both domestic and international will lead to a rethinking of earnings power." Shares of Netflix are up close to 93% in the last 12 months, while the S&P 500 index is up more than 25% and the Dow Jones Industrial Average is up more than 32%.
-Trey Williams

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January 29, 2018 07:19 ET (12:19 GMT)

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