Analysts Are Increasing Price Targets of These 5 Stocks

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 115

A number of research firms lifted their price targets for Netflix, Inc. (NASDAQ:NFLX) following its impressive quarterly performance last week. Canaccord raised its price target for the video streaming giant from $365 per share to $400 per share on Friday, January 20.

Canaccord was primarily moved by the company’s better-than-expected net subscriber additions. Meanwhile, Deutsche Bank increased its price target for Netflix, Inc. (NASDAQ:NFLX) from $350 per share to $400 per share, while Cowen also raised its price target from $405 per share to $440 per share on January 20. Both research firms praised the company’s latest results and paid-sharing initiative.

Now let’s have a look at the key highlights from the Q4 report. Netflix, Inc. (NASDAQ:NFLX) added 7.66 million new subscribers in the quarter, beating the consensus of 4.5 million by a big margin.

Revenue for the quarter rose 1.8 percent on a year-over-year basis to $7.85 billion, marginally above expectations. On the downside, Netflix, Inc. (NASDAQ:NFLX) posted earnings of 12 cents per share, which came in well below the consensus, due to a loss associated with a debt held in Europe.