Oppenheimer Raises Netflix Price Target To $230, Maintains Outperform (NFLX)

Oppenheimer raised its Netflix NFLX price target to $230 from $200 and maintained its rating of Outperform in a research report published today. In the report, Oppenheimer states, "Following better than expected 4Q results and robust 1Q guidance, we are increasing our near-term estimates and rolling our PT forward to 2012. Our new target of $230 implies 15% upside potential from the after-hours price of $200. The bottom line, in our view, is that Netflix continues to offer a service that is in high demand, and we expect it to remain successful until a formidable competitor appears, which we do not see in the near term. Moreover, the prospects of a "family plan" offering and potentially entering non-English speaking countries only increases our long-term confidence. We are raising our '15E EBITDA by 9%, while lowering non-GAAP EPS by 8% on higher int'l. investments." Share of Netflix were at $206.69 at the time of posting in pre-market trading, up 12.93% from Wednesday's market close.