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Netflix, Inc. (NFLX) Captures Another Analyst Price Target Boost

NFLX – Guggenheim Securities is the latest to kick its Netflix target up several notches.


International growth is going to be a catalyst for shares of Netflix, Inc. (NASDAQ:NFLX). That’s the assessment of Guggenheim Securities, which has just raised its price target for the streaming giant. 

CNBC shares the firm’s take on Netflix.

Guggenheim Securities believes Netflix shares will go higher due to its rising international streaming business.

The firm raised its price target to $420 from $360 for Netflix shares, saying the company’s locally-produced content offerings will spur demand in India. Guggenheim Securities also reiterated its buy rating for the company.

Analyst Michael Morris predicts that Netflix will have 5.5 million subscribers in India by 2020. He shared additional perspective in a note to clients.

“We believe that Netflix subscriber penetration will significantly exceed what is implied in the company’s current valuation,” he wrote. “We expect the 3Q launch of original local-market content in India, upgrades to user experience and consumer products development to support share appreciation.”

Netflix, Inc. shares rose $5.57 (+1.52%) in premarket trading Wednesday. Year-to-date, NFLX has gained 93.95%, versus a 9.80% rise in the benchmark S&P 500 index during the same period.

NFLX currently has a StockNews.com POWR Rating of C (Neutral), and is ranked #19 of 53 stocks in the Internet category.

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NFLX at a Glance

NFLX Current POWR Rating™
Overall POWR Rating™
NFLX Current Price $364.70 5.28%
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NFLX Price Reaction

The day of this event (Sep. 19, 2018)
NFLX Closing Price$366.96 0.19%
NFLX Volume11,876,800
23.86% from avg
Leading up to this event
NFLX 1-mo returnN/A%
After this event
NFLX 1-day return0.63%
NFLX 3-day return0.53%
NFLX 5-day return2.71%

NFLX Price Chart



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