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Wednesday, May 15
More on Netflix: Some positive sell-side notes are helping shares rally to levels last seen in...
More on Netflix: Some positive sell-side notes are helping shares rally to levels last seen in Aug. '11 (NFLX +4.2%). RBC, which launched coverage with an Outperform on March 5, has raised its PT to $250, arguing EPS could eventually top $10 - the 2014 consensus is $3.13. Also, BTIG (Buy, $250 PT) reports a survey of 427 people in line at a Bluth Frozen Banana Stand set up to promote the May 26 launch of Arrested Development found 86% were Netflix subscribers, and 63% of the remainder said they would/are likely to subscribe because of AD (is this a case of selection bias?).