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The Street

Buy Netflix Ahead of Earnings on Overseas Growth, Cord-Cutting Trend

January 18, 2015

Seven years after Netflix introduced its online streaming service, 55% of U.S. broadband households subscribe to a streaming TV service like Netflix, according to industry reporting firm Parks Associates, and the trend has only just begun.

Analysts still expect Netflix to grow earnings at a 40% annual rate over the next five years. The stock has an average 12-month price target of $390, suggesting 15.6% gains from current levels.

From the article "Buy Netflix Ahead of Earnings on Overseas Growth, Cord-Cutting Trend" by Richard Saintvilus.

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