Netflix Inc Gets $525.00 Price Target From Citigroup

April 10, 2015 4:08 PM

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Netflix Inc (NASDAQ:NFLX) shares were trading strongly up in pre-market this morning after Citigroup gave the company an upgrade. The investment bank now rates Netflix as a Buy and has a price target of $525 on the company’s shares. Netflix stock closed on Thursdays market at price of $439.50.

Mark May, the CitiGroup analyst who authored the report, raised his price target on the company from $409 and called the recent pullback in the value of the company’s stock a buying opportunity. May reckons that Netflix has an increasingly strong content lineup and the company’s push in internationa...

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