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Goldman's Heath Terry has raised hit PT on Netflix (NFLX +2.9%) to $184 from $125, albeit while...

Goldman's Heath Terry has raised hit PT on Netflix (NFLX +2.9%) to $184 from $125, albeit while reiterating a Neutral. "We believe the addressable market of subscribers is better defined by the number of "connected consumers" than households," says Terry, who thinks Netflix's domestic streaming sub base will grow to 53M in 5 years from a current 22.8M. He's lowering his 2013 EPS estimate, but significantly raising his 2014 and 2015 estimates. Yesterday, Evercore launched coverage with an Underperform. (Pac Crest)
Comments (1)
  • Andrew Shapiro
    , contributor
    Comments (1882) | Send Message
     
    is this because the addressable market for households is about to be saturated?
    11 Apr 2013, 08:02 PM Reply Like
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