Netflix price target raised to $565 from $505 at MoffettNathanson

MoffettNathanson analyst Michael Nathanson raised the firm’s price target on Netflix to $565 from $505 and keeps a Neutral rating on the shares. There was strong penetration growth this quarter across the board in the world of streaming and Netflix’s password-sharing crackdown “in particular appears poised to continue bearing fruit,” leading the firm to upwardly revise both its subscriber growth estimate and price target, the analyst tells investors.