Cowboy & Cowgirl StockTraders

[fastlizzy]

NFLX down this week.....207 target now!

The Street has high expectations for NetFlix, but we feel that these shares should be trading near 4 times sales per share. Only triple digit revenue growth and EPS growth above 70% would merit the current multiple. We expect revenues to grow by 30% to $2.81 B, and place a price target of $207. NFLX is a sell at these price levels.

With more than 20 million members in the U.S. and Canada, Netflix is the world’s leading Internet subscription service for enjoying movies and TV shows. For $7.99 a month, Netflix members can instantly watch unlimited movies and TV episodes streaming over the Internet to PCs, Macs and TVs.