Cantor Raises Netflix Price Target Following Strong 4Q:14 Results

In a research report issued today, Cantor analyst Youssef Squali maintained a Buy rating on Netflix (NASDAQ:NFLX) and raised his price target to $450 (from $415), as the company reported strong fourth-quarter results, with the all-important subscriber metrics exceeding expectations for both domestic and, especially, international segments.

Squali observed, “Overall streaming sub guidance for 1Q:15 was 6% ahead of consensus expectations, with a lighter domestic hurdle more than offset by significantly greater international ambitions. With international increasingly becoming the story, we are reiterating our BUY rating and establishing a 2015 PT of $450.”


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