Netflix (NFLX) PT Raised to $367 at Piper Jaffray on 1Q18 Report; 'Delivering Strong Results/Outlook'

Piper Jaffray raised its price target on Netflix (NASDAQ: NFLX) to $367.00 (from $360.00) while maintaining a Overweight rating, following the company's 2018 first quarter earnings report.

Analyst Michael Olson notes an upbeat outlook on the shares, as NFLX reported first quarter earnings per share and revenues above consensus projections driven by domestic and international net subscriptions adds (7.4M in total) above combined consensus of 6.5M, while management also delivered superior profitability, with domestic and international margins also tracking above the Street's estimates.

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