I still remember when Ingrid Chung of Goldman Sachs issued a price target of $350 in 2011 before it crashed. in the 2010-2011 rally at least earnings and subs were growing at a higher percentage. Now we are doing the same thing over again, except with slower growth on all fronts except money they owe. Since the 2011 rally they added less than 4 millions subs, slower profit growth, increased content costs and it's worth 12+ bil again. I am amazed at how quickly the market forgets. Wonder how far they can drag it along this time? Hopefully $250 +, and the analyst all come out in droves by then. I will wait patiently to enter my short on this. Hastings is the best stock promoter I've ever seen, true talent there. No clue when he will decide to pull the rug though. He can do that with a single brain fart like qwikster or just decide to raise the price to HBO levels since he feels he can compete with them. When they make a production like Game of Thrones, I'll consider going long.
It's on my trading platform
Analyst Actions: Lazard Raises Price Target on Netflix to $325 from $250 04/26 09:17 AM
09:17 AM EDT, 04/26/2013 (MidnightTrader) -- Lazard raised its price target for Netflix (NFLX:$214.03,00$0.28,000.13%) to $325.00 from $250.00.
In January, Lazard upgraded NFLX to Buy from Neutral on strong Q4 2012 results.
NFLX last traded at $213.75, near the high of the 52-week range of $52.81 to $224.30.