Reuters: Global Markets: Netflix shares could continue to rise: Barron's

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Netflix shares could continue to rise: Barron's Jul 8th 2012, 17:40 Sun Jul 8, 2012 1:40pm EDT (Reuters) - Stock of U.S. provider of television shows and movies Netflix Inc could climb as more consumers stay home and watch videos, according to a report in Barron's. Netflix stock climbed almost 20 percent last week to $81.89, the paper said. The company gained attention after its CEO, Reed Hastings, said Netflix subscribers streamed one billion hours of video in June, a record for the service, the paper said. Netflix qualifies as the most watched channel in either broadcast or cable television in the United States, said analyst Richard Greenfield of BTIG. Citigroup Internet analyst Mark Mahaney last week reiterated a buy on Netflix and affirmed his $130 price target on the shares.

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