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Netflix At $400?

Jay Somaney

Along with blow-out numbers, investors saw almost-universal upwards revisions along with price target bumps higher in reaction from most Wall Street analysts. The day after the earnings announcement a number of investors asked me if I though Netflix could hit $400 per share in the coming months? If Netflix can hit 250 million to 300 million subs by 2020 or so, what would one pay now for the company?