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Fly News Breaks for March 9, 2018
NFLX
Mar 9, 2018 | 05:53 EDT
Piper Jaffray analyst Michael Olson raised his price target for Netflix to $360 and maintains an Overweight rating on the shares. The streaming service closed yesterday down $4.16 to $317.00. The analyst's analysis of Netflix search trends suggests upside potential for international subscribers and an in-line Q1 for domestic. Consensus calls for 10.1% year-over-year domestic sub growth in Q1 and the search index points to 13.4% growth, Olson tells investors in a research note. For international, consensus is at 40.1% year-over-year sub growth and the index points to 52.0% growth, the analyst adds.
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