Pacific Growth Raises Netflix Estimates - Belatedly? (NFLX)

Sep.12.05 | About: Netflix, Inc. (NFLX)

Pacific Growth Equities analyst Derek Brown raised his 2006 estimates for Netflix on September 9th, following the company's analyst day. Extract from his note to clients and a quick comment:

NETFLIX: Raising 2006 Ests, Reiterating Over Weight Rating On Bullish Analyst Day

In recent months, data from the marketplace has made it clear to us that: (i) Netflix’s franchise is very much intact; (ii) the online DVD rental market may be larger than previously expected; (iii) the worst of the competitive “storm