Netflix, Inc. Stock Price Target Boosted For International Subscribers Again

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Netflix, Inc. Stock Price Target Boosted For International Subscribers Again

Netflix stock is increasingly being driven by subscriber numbers more than by revenues or profits, so it comes as no surprise that another firm has boosted its price target based on subscriber estimates. Deutsche Bank is expecting another subscriber beat in the first quarter, especially in international subscribers.

Meanwhile, a Bernstein analyst feels that Netflix stock is like Jesus, according to his initiation note.

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Netflix stock price target to $125

In a research note dated March 20, Deutsche Bank analyst Bryan Kraft said he boosted his price target for Netflix stock to $125 from $110 per share, but maintained his Hold rating due to valuation. He expects the company to add 4.9 million total international subscribers in the first quarter, compared to the