Option Millionaires

[uranium-pinto-beans]

$NFLX --->>

Netflix price target raised to $410 from $370 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Netflix to $410 from $370 after the company reported better than expected Q3 results and Q4 guidance. The analyst believes better Q4 International subscriber guidance bodes well for 2019 outlook and long-term global penetration. While bears will point to lower Q4 margin guidance, he thinks Netflix continues to build a bigger moat as the majority of content spend is through its internal studio, which protects the company from media consolidation and forthcoming over-the-top services. Helfstein now estimates 2025 global broadband penetration of 35%, with additional upside as 5G allows the company to create a mobile offering. He reiterates an Outperform rating on the shares