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Stifel Boosts Netflix Price Target To $500, Says 'Bull Case Playing Out (Again)'

Javier Hasse

After Netflix, Inc. (NASDAQ: NFLX) posted strong results and provided encouraging guidance for 2015's first quarter, Stifel analysts Scott Devitt, John Egbert and Alex Chavdaroff decided to raise their price target to $500, from $380 just one week earlier, and maintained a Buy rating.

In a report published Wednesday morning, the analysts "believe Netflix is skillfully navigating the transition between slowing subscriber growth in the profitable U.S. segment and international expansion."

The Stifel report also noted that the company is confident in its international expansion plans, and expressed the belief that it can complete its global expansion (aimed at becoming the leading global Internet TV network) in the next two years -- significantly faster than expected, while maintaining overall profitability.

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More Analysts Weigh In

Morgan Stanley kept the stock in its "top picks" list, maintaining an Overweight rating and raising its price target from $425 to $450. Nomura upgraded Netflix from Neutral to Buy, and SunTrust boosted its price target from $375.00 to $410.00, maintaining a Neutral rating.

Shares of Netflix recently traded at $408.19, up 17 percent.

Latest Ratings for NFLX

Date Firm Action From To
Jan 2015 Citigroup Maintains Neutral
Jan 2015 Nomura Upgrades Neutral Buy
Jan 2015 Barclays Maintains Equal-weight

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