Analysts are Revising Prices Targets for These 5 Stocks

2. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 95

Macquarie increased its price target for Netflix, Inc. (NASDAQ:NFLX) from $230 per share to $285 per share on Wednesday, October 19. The research firm pointed towards the company’s latest earnings and impressive subscriber growth for the third quarter.

Netflix, Inc. (NASDAQ:NFLX) recently announced better-than-expected financial results for the third quarter. The video-streaming giant reported earnings of $3.10 per share, down from $3.19 per share in the year-ago period but well above analysts’ average estimate of $2.13 per share. The quarterly revenue of $7.93 billion also exceeded the consensus of $7.837 billion.

Among other updates, Netflix, Inc. (NASDAQ:NFLX) reported that it added 2.41 million new subscribers in the latest quarter, significantly higher than its own outlook of 1 million additions. Looking forward, the company expects to add around 4.5 million subscribers in the current quarter.