Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Analysts Scramble to Upgrade Netflix, Inc. as Shares Explode Higher

Tuesday, October 18, 2016 7:25
% of readers think this story is Fact. Add your two cents.

netflix-nflx-logoWall Street analysts were scrambling to upgrade streaming media giant Netflix, Inc. (NASDAQ:NFLX) this morning, following yesterday’s blockbuster earnings report.

Last night after the closing bell, Netflix posted better-than-expected Q3 results, which included very strong subscriber growth. Growth was particularly good overseas, with international customers now providing the bulk of the company’s growth.

NFLX shares exploded higher following the report, which caught many Wall Street analysts off guard. Accordingly, many firms are out this morning with bullish calls on the stock, reversing their previous bearish or neutral sentiment.

Here’s a summary of the analyst moves we’ve seen this morning so far:

  • Canaccord Genuity raises PT to $140
  • R.W. Baird raises PT to $120 from $94
  • Morgan Stanley raises PT to $130 from $110
  • Wedbush reiterates Outperform rating, $160 PT
  • Nomura Holdings raises PT to $130
  • BMO Capital raises PT to $115
  • Mizuho Securities raises PT to $112 from $90
  • Loop Capital raises PT to $133
  • Pivotal Research raises PT to $155

The lone holdout on the bearish side was Jefferies & Co, which reiterated their Sell rating and $80 price target for NFLX. Staying neutral were Citigroup (Hold rating, $120 PT) and Needham & Co (Hold rating).


Netflix shares rose $19.44 (+19.48%) to $119.24 in Tuesday morning trading. Year-to-date, NFLX is now up 4.15%, putting it roughly in-line with the benchmark S&P 500 during the same period.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.