Boston, MA 10/07/2013 (wallstreetpr) – MKM partners feel that stockholders has confidence in development of the business opportunity and management expertise of the Netflix, Inc. (NASDAQ:NFLX) and they raised their price target on the shares of the company from $285 to $370.
Shares of Netflix, Inc. (NASDAQ:NFLX) closed at 327.26 on Friday, October 4, 2013. The company has a 52 week low of $57.40 and a 52 week high of $334.50. The company has a market cap of $19.28 billion.
Recently, other equities research analysts have also issued their rating on the stock. Analysts from the Street in a research note to investors issued on September 27, 2013 assigned a “hold” rating on the stock. Separately, analyst s at Albert Fried & Company in a research note issued to investors on September 22, 2013 raised their price target on the shares of Netflix, Inc. (NASDAQ:NFLX) from $80 to $122. The firm now has an “underweight” rating on the stock. Finally, analysts at CRT Capital in a research note issued to investors on September 19, 2013 initiated the coverage on the shares of the company and have given a “fair value” rating on the shares of the company.
Currently, the company has an average target price of $233.26 and a consensus rating of “hold”.
Recently, to add to its “Super HD” streaming for iOS 7, the company has upgraded its app version for iOS. During the last week it gave access to all of its members for this feature regardless of their Internet service provider. And as a result, subsequently, if the connection of internet is good, viewers will be able to see a greater version of the video on their mobiles.
About the company:
It is an Internet subscription service running television shows and movies. Its subscribers can watch limitless TV shows and movies.
