According to Goldman Sachs, Netflix NFLX has restructured its pricing plans in the US, introducing two new DVD-only plans in the US (starting at $7.99 per month for one DVD out ata- time), and eliminating hybrid plans, essentially increasing pricing for subs taking both DVDs and streaming up by 20-60%
Goldman Sachs said that the price increase is the second in eight months and will take effect immediately for new subs on September 1, 2011 for existing subs. “We leave our estimates and 6-month $330 DCF and multiple based price target unchanged. At $330 Netflix shares would trade at 47X our 2012 EPS estimate or a 1.5X PEG.”
Netflix closed yesterday at $291.27.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in