Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which...

Netflix (NFLX +5.7%) surges above $97 after BMO raises its PT to $88 from $65. The firm, which maintains a Market Perform, predicts Netflix will remain the dominant online streaming provider, and also expects further international expansion. 26.1% of the float was shorted as of Dec. 14, providing ample fuel for a short-covering rally.

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Comments (3)
  • Tvaddic
    , contributor
    Comments (286) | Send Message
    This is the make or break year for Netflix, their Dreamworks Exclusive kicks in. Their big bet on original series too. And Open Films, who Netflix has an exclusive with, just acquired the buzzed Steve Jobs Ashton Kutcher film, I think, but I'm not sure, Netflix gets this film. And in addition to all that, the free advertising, in the form of the Facebook sharing kicks in. If they US subscribers don't get into high gear. Netflix can't remain independent anymore. My early predictions are for 7-10 million new subs. internationally if EVERYTHING goes perfect.
    3 Jan 2013, 03:06 PM Reply Like
  • albot
    , contributor
    Comments (24) | Send Message
    With all those barriers to entry - Netflix is going to soar this year!
    4 Jan 2013, 06:28 AM Reply Like
  • Sakelaris
    , contributor
    Comments (2583) | Send Message
    What's on television tonight dear?


    Oh, around 100,000 choices or more!


    I love it. With Netflix there is no need to see what a few channel programers chose for us to watch and no need to shiver (or swelter) in line at a non-climate-controlled Redbox machine for a much smaller set of choices!
    4 Jan 2013, 10:01 AM Reply Like
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