Netflix Stock To $350 In Three Years: Analyst

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Netflix Stock To $350 In Three Years: Analyst
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Netflix, Inc. (NASDAQ:NFLX) stock was little changed on Friday following yet another price target increase. It seems investors are getting used to hearing the broken record when it comes to analyst commentary on Netflix stock. Still, it seems as if NFLX has risen so far so fast that a few analysts are starting to pause.

Netflix stock price target to $350

In a note to investors on Friday, RBC Capital Markets analyst Mark Mahaney said he raised his price target for Netflix stock to $350 per share and reiterated his Outperform rating. He cited his recent surveys of users in the U.S. and Japan and positive data from Google Trends regarding Netflix searches throughout Asia. In fact, he feels that 2017 was the streaming firm’s breakout year in Asia.

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Mahaney’s U.S. survey covered more than 1,500 households and found that penetration is at a record high at 60% of respondents, compared to 56% in the November survey. He also found that Netflix had a “significant” lead over both Amazon and YouTube. U.S. subscribers are also quite satisfied with the streaming service, as 69% are eith