Wedbush upgrades Netflix (NFLX -0.3%) and raises its target to $155 from $110, based on a belief...

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Bear Bait Comments (591)
 
If streaming is the future, why would netflix want to sell the streaming end and keep DVDs. If they were going to sell it, I would have thought they would have changed the name of the streaming business to "downflix" or something instead of changing the name of the DVD rental business. And Amazon has a streaming business already. But, I've been wrong before.
22 Sep 2011, 10:04 AM Reply Like

mustbepatient Comments (78)
 
Nah, Amazon has some crap it can stream, definitely not a streaming business.
22 Sep 2011, 10:37 AM Reply Like

HIGHWATER 888 Comments (273)
 
An absolute 'crock' from Wedbush. No reason to think that Amazon would pay Netflix a premium for "content" when the clear message of the content providers is that they will demand a greater share of the "content" $ in the future. That is part of the reason Netflix is being hit on the downside. Moreover, Amazon already has a greater (by far) customer base than Netflix, so there is no reason to assert that Amazon would pay-up for Netflix customers.

Seems more likely that Wedbush $155 price target was designed to allow Wedbush customers a chance to trade out of NFLX before it drops below $100.

NFLX has MANY problems -- buyers beware.
22 Sep 2011, 01:14 PM Reply Like

justiciareal Comment (1)
 
On a side note, I think he should have gone with the name QuickFlix instead of the cheesy Quickster.
26 Sep 2011, 10:46 AM Reply Like