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

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Netflix shares could continue to rise: Barron's Jul 9th 2012, 02:51 Tweet Share this Email Print Related Topics Tech » Hot Stocks » Asian Markets » A sign is shown at the headquarters of Netflix in Los Gatos, California September 20, 2011. Credit: Reuters/Robert Galbraith Sun Jul 8, 2012 10:51pm 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. (Reporting by Scott DiSavino; Editing by James Dalgleish) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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