Scalper1 News
Netflix (NFLX) could reach 104 million international subscribers by 2020, five times its current count, Cowen analyst John Blackledge predicted Tuesday. Blackledge raised his international subscriber forecast from his prior target of 62 million, based on the company’s rapid global rollout. The streaming video service expects to complete its international expansion by the end of 2016, and keep gaining subscribers in nations where it establishes itself. Blackledge reiterated his outperform rating on Netflix stock and bumped up his price target to 760 from 625. Netflix stock was down a fraction, near 616, in afternoon trading on the stock market today. It hit a record high of 628.50 on May 19 and jumped more than 18% on April 16 after Q1 earnings beat. Blackledge expects Netflix to enter Japan, Italy, Spain and Portugal in the second half of the year. He sees Netflix ending 2015 with 29.8 million… Scalper1 News
Scalper1 News