Cantor Fitzgerald Raises Netflix (NFLX) Price Target to $180
Cantor Fitzgerald today maintained a Buy rating on Netflix (NASDAQ: NFLX) and raised its price target to $180.00 (from $150.00).
Analyst Youssef Squali said, "Recent conversations with management keep us positive on the name longer term, as we believe that Netflix holds a unique position to benefit disproportionately from the rise of Internet TV, where users control timing, length of content and viewing platforms. The company's expanding content selection, lineup of exclusive and proprietary titles and improving personalization not only make its offering more compelling for consumers, but also afford the company price leverage, which we believe is not adequately contemplated in current expectations."
If NFLX is going to miss, it would had stayed up above 180 for such long time. I would had done from mid-march. The pull down now right before the earning report is pure manipulation with fear tactics.