Thursday, April 16, 2015

Netflix shares are exploding higher and one analyst has a stunning new prediction for the stock (NFLX)

$900! That is where Barton Crockett, an analyst at research firm FBR & Co., thinks shares of Netflix are headed. In premarket trade Thursday, shares of Netflix were up more than 12% to $537 per share after the company reported earnings on Wednesday night that showed subscriber growth widely topping expectations. In the first quarter, Netflix added almost 5 million streaming subscribers (4.88 million), beating its expectations by 21%. Crockett thinks this number puts Netflix on track for net...-> read more

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