Baidu Inc (ADR)(NASDAQ:BIDU) is up 6.4% in the extended session to $170 at time of writing. This move up broke the neckline on an inverted, bullish, head and shoulders pattern at the $163 area. Upside potential for the pattern is to the $183 area.
In a post earlier to the Netflix Inc., (NASDAQ:NFLX) corporate blog, the company’s vice president of content delivery Ken Florance made the case that there cannot be an “intensely competitive” market when Comcast (CMCSA) alone sets the terms and conditions for access to its subscribers. “We’re very concerned that a combined Comcast-TWC will place toll taking above consumer interests and will use their combined market power to the detriment of a vibrant and efficient Internet,” wrote Florance, echoing similar sentiments express previously by Netflix CEO Reed Hastings.
Analysts have a consensus price target of $378.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 1.58% upside. The consensus rating of the stock is a HOLD with a score of 2.30. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.
NFLX is down 2.67% after hours at time of writing.
The most recent analyst action consisted of Jeffries reiterating their underweight rating and price target of $300.
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