Netflix Stock To $350 In Three Years: Analyst

Netflix Stock To $350 In Three Years: Analyst
jgryntysz / Pixabay

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.

What Investors Need To Know When Choosing A Private Equity Manager

investor 1652197064It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More

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