Piper Jaffray Reiterates Overweight, $130 Target on Netflix
Piper Jaffray maintains its Overweight rating and $130 target price on Netflix (NASDAQ: NFLX) as the company remains a differentiated leader in streaming, comparisons show.
Piper Jaffray says, "Compared to our Aug-11 content analysis, Netflix has more of the top 50 TV shows from the last two years, and fewer top 50 movies from the last two years; Hulu Plus has a comparable library of popular TV, but no popular movies and Amazon has very little top-tier content. We believe Netflix's shift towards TV is benefiting the model (less competition than popular movies, therefore lower costs), and we believe Netflix remains differentiated (ad-free, more popular content, larger device ecosystem, more widely available geographically)."
NFLX closed at $117.40 a share on Tuesday.
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