But this price target was before the release of Q4 financial results. Anal-ysts change price target as they change their panties. Anyway, I agree there was a big overreaction here, but we know how stock market is, just cool down, ...I am watching the volumes, still nobody wants to sell it, longers are still hoping to this going even more up, but whenever the trend will show a clear reversal, the selling will be devastating, and we shorters will start to see our red numbers turning black and growing....I am short NFLX $155. I could have waited more, yes, but nobody is a genius. Soros bought FB at about $20 than FB dropped more at $17, Soros himself is not able to buy exactly at the best price, the most important thing now he is 53% up and laughing, and we will laugh very soon.
I once read a history of the stock market. Through the 1960's, people bought stocks for dividends. Then they bought companies that had ever-increasing earnings (this led to a lot of takeovers and mergers). Sometime around the late 1990's, people started to buy stocks just because there was a good chance they'd go up. That's it. And maybe that's why NFLX is on fire now.