Analyst: Consumers Love Netflix More Than TV, and the Stock Will Go to $900
An analyst conducted a survey of over 2000 consumers
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Netflix is surging to all time highs in premarket trading after reporting strong earnings after the market closed on Wednesday. A slew of firms across Wall Street are increasing their price targets today, but so far FBR Capital Markets is by far the most optimistic. The firm raised its price target to $900 a share from $400. Shares closed yesterday at $475.
Here's what FBR analyst Barton Crockett said in the report: