UPDATE: Topeka Capital Initiates Coverage On Netflix Citing International Growth
In a report issued Tuesday, Topeka Capital initiated coverage on Netflix (NASDAQ: NFLX) with a rating of Buy and a target price of $421.
Topeka analyst David W. Miller sees that "international growth the special sauce" and that paired with a disciplined financial management team will lead to continued success in the future.
Netflix has already proved its value with its 375 percent share price increase in the last 24 months, and even at its current price Miller still sees the company as under-appreciated.
Netflix will open at $364.50 on Tuesday.
Latest Ratings for NFLX
|Dec 2014||UBS||Initiates Coverage on||Neutral|
|Nov 2014||Stifel Nicolaus||Downgrades||Buy||Hold|
|Oct 2014||Janney Capital||Maintains||Buy|
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