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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?).
Comments (1)
  • Rich Greenfield/BTIG is great, but a few hundred people showing up for a paid promotion of a cult TV show (the Banana Stand is handing out free chocolate covered frozen bananas) and expressing enthusiasm for the new season as one of two updates items cited that explain the stock being up +4.2%? Are momentum investors that desperate for news to trade on?
    15 May 2013, 10:16 AM Reply Like
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