Market Overview

UPDATE: Citigroup Raises PT on Netflix on Refined International Analysis

Share:
Related NFLX
Should Netflix Be Afraid Of This Torrent Site?
Is Original Content Netflix's Silver Bullet?
Netflix's Battle With Piracy Likely Shapes Future Of The Box Office (Seeking Alpha)

In a report published Wednesday, Citigroup analyst Mark May reiterated a Neutral rating on Netflix (NASDAQ: NFLX), and raised the price target from $355.00 to $390.00.

In the report, Citigroup noted, “As discussed in detail in ‘TV is Dead. Long Live TV.', Citi's global media team established a framework to evaluate the extent to which key countries are at risk of web-based video delivery disrupting the existing pay TV ecosystem. This framework scores each country based on a number key variables like Internet penetration & speeds, datacaps and pay TV penetration.”

Netflix closed on Tuesday at $362.25.

Latest Ratings for NFLX

DateFirmActionFromTo
Feb 2015Janney CapitalMaintainsBuy
Feb 2015JP MorganMaintainsOverweight
Jan 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for NFLX
View the Latest Analyst Ratings

Posted-In: Citigroup Mark MayAnalyst Color Price Target Analyst Ratings

 

Related Articles (NFLX)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→