David Miller at Caris & Co boosted his price target to $316 from $224, writing that “Netflix remains in a competitive sweet spot with declining retail competition, new technologies, changing media consumption habits, and still-nascent competition online (even with today’s Amazon streaming announcement)…”
Close behind Merriman Capital’s Eric Wold, who asserts that it’s all about content. Given Netflix’s exclusive content agreements, he believes “that Netflix has a significant content advantage over Amazon or anyone else trying to enter the space.” He set a price target of $300.