In a research report issued today, Cantor analyst Youssef Squali reiterated a Buy rating on Netflix, Inc. (NASDAQ:NFLX) with a price target of $500, as the company is set to report first-quarter 2015 results on Apr 15, after the closing bell.
Squali noted, “We expect Netflix to report strong 1Q:15 results on 4/15, with healthy growth across both U.S. and international markets. Given Netflix’ significant global subscriber growth potential, improving original content slate, ability to raise prices over time and recent headlines around unbundling, we remain positive on Netflix, the original OTT disruptor.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Youssef Squali has a total average return of 26.1% and a 77.4% success rate. Squali has a 54.9% average return when recommending NFLX, and is ranked #4 out of 3574 analysts.