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Killer -> Netflix price target raised to $125 from $110 at Wedbush
Wedbush analyst Michael Pachter raised his price target for Netflix to $125 from $110 following quarter results, while reiterating an Underperform rating on the shares. The analyst expects Netflix to burn cash to fund content acquisition for many years, notwithstanding the fact that it has increased price three times while cash burn continues to grow. International profits may remain elusive due to competition for content and subs, and the price increases could cause a deceleration in subscriber growth, he adds