Tag Archives: nflx

Netflix stock hits another record high, price targets raised

Netflix (NFLX) stock notched its third record high in as many days on Tuesday as at least two Wall Street analysts raised their price targets on the streaming video company. Pivotal Research raised its price target on Netflix stock to 850 from 650. Topeka Capital Markets raised its target to 723 from 604. Both rate the stock a buy. Netflix stock was up a fraction in afternoon trading on the stock market today, near 621. Earlier in the day, shares hit an all-time high of 628.50. Netflix has been rising on investor enthusiasm for the company’s international expansion. The Los Gatos, Calif.-based firm expects to be in 200 countries by the end of 2016, when it completes its global rollout. It’s in more than 50 today. On Friday, news reports said Netflix was negotiating with several Chinese online broadcast firms to enter China through a partnership. Netflix intends to start…

Netflix hits record high on possible China service

Netflix stock surged to a record high Friday on reports that the subscription Internet television service is negotiating with partners to launch in China. Netflix (NFLX) jumped 4.5% to close at 613.25. Intraday its shares notched an all-time high of 618.44. Year to date, Netflix stock is up 67%. In just the past four weeks, it has climbed 29%. Netflix is in talks with several Chinese online broadcast firms to enter China through a partnership, according to reports by Bloomberg and the Wall Street Journal. Netflix has spoken with Shanghai-based BesTV New Media and Wasu Media, which is partially owned by Alibaba (BABA) founder Jack Ma.

Netflix Jumps To New High On China Entry Reports

On Thursday, Pacific Crest Securities said that Netflix’s (NFLX) ambitions are becoming clearer and “more frightening” to traditional programmers. And if they weren’t frightened then, they may have more reason to be now. Netflix is reportedly in talks to enter the China market, where there’s a vast and still growing online audience. That could further fuel the video streaming service’s subscriber growth, which was bigger-than-expected in Q1.