Netflix (NFLX +1.1%) shares post early gains after Citigroup ups its rating to Buy and lifts its...

|By:, SA News Editor

Netflix (NFLX +1.1%) shares post early gains after Citigroup ups its rating to Buy and lifts its price target to $300 from $245. U.S. revenue growth is sustainable, Citi says, "with a path to 50M subscribers by 2013," adding that NFLX has little competition in price, selection and convenience; mass market adoption of tablets will help, and the mass-market adoption phase is still to come.