Netflix price target raised to $650 from $535 at Stifel Stifel increased its price target on Netflix after the company reported higher than expected global streaming subscriber growth for Q1. The firm expects the company's subscriber momentum to continue and keeps a Buy rating on the shares.
Netflix upgraded to Outperform with $900 target at FBR Capital FBR Capital upgraded Netflix to Outperform from Market Perform and raised its price target for shares to $900 from $400. The stock in premarket trading is up $61.91 to $537.37 after the streaming service reported Q1 results last night. FBR says its survey work with ClearVoice Research revealed that domestic Netflix subscribers "love the service more than TV." The firm now believes Netflix is very likely to move towards 180M global subscribers by 2020. It sees international streaming, with a market opportunity nearly six times the U.S., as supporting its new $900 price target. Netflix price targets are being raised around the Street following the company's Q1 results. Cantor took its target up to $580, Citigroup $584 and Needham $600. FBR at $900 is an outlier.
Netflix price target raised to $580 from $500 at Cantor Cantor increased its price target on Netflix as the firm thinks the company reported "very strong" Q1 results. The firm notes that Netflix's subscriber results and Q2 subscriber guidance exceeded expectations. It keeps a Buy rating on the shares.
Netflix price target raised to $584 from $525 at Citigroup Citigroup analyst Mark May raised his price target for Netflix shares to $584 saying the company posted "strong" Q1 results with a "favorable" outlook. May says both the streaming service's domestic and international subscriber growth exceeded expectations. Both segments benefited from original programming content that has been well received, May states. He views the Q1 results as evidence that Netflix is disrupting video viewing habits and keeps a Buy rating on the name. Shares of the company are up $57.81 to $533.27 in premarket trading following the last night's earnings report.