Piper Jaffray Provides Color on Increasing Q2 Growth For Netflix

According to a recent report from Piper Jaffray, ComScore's Q2 web traffic data shows that Netflix NFLX sub adds are tracking ahead of the estimates. Piper Jaffrays maintains an Overweight rating and $280.00 price target on NFLX. In the report, Piper Jaffray said, "We believe estimates are generally conservative and the ComScore data is a positive indication for Netflix's Q2 sub growth." Netflix closed yesterday at $262.26.