Netflix stock is skyrocketing after it added record subscribers this quarter

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(NASDAQ:NFLX) in a report published on Thursday. The brokerage now has a $235.00 price objective on the Internet television network's stock, up from their prior price objective of $200.00.

Revenue was also a strong point for the company, coming in at $2.98 billion, edging ahead of the analyst projection of $2.97 billion, according to a survey conducted by Thomson Reuters.

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"Investors often ask us about continued access to content from diversified media companies", the company said in its earnings report. Sanford C. Bernstein reissued an outperform rating and set a $203.00 price target (up from $178.00) on shares of Netflix in a research report on Tuesday, July 18th.

The billions of dollars that Netflix has borrowed to pay for exclusive series such as "House of Cards", "Stranger Things", and "The Crown" has helped its service more than triple its global audience during the past four years - leaving it with 109 million subscribers worldwide through September. In a report released today, Aegis Capital analyst Victor Anthony initiated coverage on the stock with a Hold rating and price target of $200, which represents a slight downside potential from current levels. J P Morgan Chase & Co reiterated an overweight rating and issued a $225.00 target price (up from $210.00) on shares of Netflix in a research report on Friday. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty-one have assigned a buy rating to the stock. Netflix has an average rating of Buy and a consensus price target of $191.24.

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Shares of Netflix (NASDAQ NFLX) opened at 199.49 on Thursday. The firm has a market capitalization of $86.13 billion, a price-to-earnings ratio of 242.69 and a beta of 1.09. The firm has a 50-day moving average price of $183.35 and a 200-day moving average price of $165.87. It brought in earnings of 29 cents per share, up from 12 cents per share during the third quarter of 2016. There are some examples like Netflix's "3%", and it looks like the content it's already produced is helping buoy its growth overseas. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter a year ago, the firm posted $0.09 earnings per share. The company's revenue for the quarter was up 30.3% on a year-over-year basis.

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