czwartek, 23 stycznia 2014

Netflix shares to open higher after strong customer additions forecast

The Netflix logo is is shown on an ipad in Encinitas, California (Reuters) - Netflix Inc's shares were set to open 18 percent higher on Thursday, after the world's largest video streaming company said it expected customer additions in the U.S. to remain strong, prompting at least six brokerages to raise their price targets on the stock by as much as $55. Netflix said on Wednesday it added more than 2.3 million U.S. customers in the fourth quarter and expected to add more subscribers in the first quarter of 2014 than in the year-ago period. "Netflix remains on track to significantly disrupt the linear TV market through content differentiation, a compelling consumer proposition, and strong subscriber growth," J.P. Morgan Securities analyst Doug Anmuth wrote in a note to investors. Netflix's shares closed at $333.73 on Wednesday.








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