Netflix Inc., (NASDAQ:NFLX) shares were trading up to $346.57 earlier today, breaking above recent downtrend resistance. At that price, next resistance is at the session high at $349.73. Support is at $342.57. Bloomberg earlier reported that the company was in talks with Vodafone (VOD) on a content deal.
Pacific Crest upgraded its rating on Netflix (NFLX) to Outperform from Sector Perform on expectations the company’s international growth will accelerate meaningfully over the next 18 months. The firm has a $500 price target for shares.
Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.
Netflix last reported earnings on January 22nd and reported revenue of $1.18 billion, slightly beating the analyst’s estimates. The company has a market cap of $20.67 billion and has a current quarter consensus estimate of 4.10 EPS.
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