Netfix - Heading For $600?

'' Netflix Inc.

shares are trading higher by $4 at $566.05 in Friday's session. One day removed from impressing the Street with Q1 results it is adding to its mind-boggling gains from Thursday ($86.59). After a lower open (Thursday's close of $562.05 vs. Friday's open of $558.45). it only retreated to $558 before exploding to the upside. It easily surpassed Thursday's high ($568.75), reaching $575 before falling back under $270. For the week, Netflix has gained over $110 and has rallied over $220 since December 31 close ($341.61). The Street high price target for the issue resides with FBR Capital who recently raised their target form $400 to $900. Hopefully, their clients did not sell at $400, as the issue was trading well above that level ahead of its earnings report. Most of the Street analyst have price targets ranging from $500-$650.