Bernstein raised the firm’s price target on Netflix (NFLX) to $975 from $780 and keeps a Market Perform rating on the shares following quarterly results. The firm says Netflix defied the odds once again, delivering net adds “far beyond even the most unreasonable subscriber bogey” it heard going into the print. Net adds came in 2-times sell-side consensus and 50% higher than the buy-side bogey, Bernstein notes.
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Read More on NFLX:
- Netflix price target raised to $1,150 from $1,000 at JPMorgan
- Netflix price target raised to $875 from $650 at Deutsche Bank
- Netflix price target raised to $1,150 from $965 at Macquarie
- Netflix upgraded to Buy from Hold at Canaccord
- Netflix price target raised to $1,250 from $1,100 at Pivotal Research