NFLX Netflix: Going to 120...and your Living Room

Analyst Profile

	David Sachdev
	Washington, DC User since Dec 2009	39
Covers SINA MCP AAPL ARMH AKAM VMW SODA and 11 other stocks - Go to Blog
Consider this Analyst so we email you when they make picks

Going to 120...and your Living Room
I think with all the new methods of delivering Netflix to your Living Room, this company is poised to get new subscribers, and even cut down on their postal charges over time. I think we'll see 120 before the year is out.

Comment on this Article

Contribute to the conversation

Blog a Stock

Enter a Symbol

Set a Target Price

or Set % Change

Choose a Target Date

Once you have entered a symbol, information about that security will appear here.

What People Are Saying...

Josh Warner-Burke said at 4/26/10 2:21 PM Price action was $108.13 +8.40 (+8.4%)

Uh huh, now you all are seeing what I've been saying about NFLX forever. But can this stock just tank for a minute so I can buy back in in real life?

Mike Barkett said at 4/28/10 4:23 PM Price action was $99.39 -2.68 (-2.6%)

don't want to buy back in, unless you're trying to catch the peak. Will be going short very long-term on this shortly, if I can identify said peak

Josh Warner-Burke said at 4/28/10 4:27 PM Price action was $99.39 -2.68 (-2.6%)

I would definitely be a buyer at $89, the perceptions have changed for this company where it has finally achieved the 'superstar' status I have long envisioned. At $100 the only way I'm buying is if I see smooth sailing for the overall market in the near-term, which I don't.

Josh Warner-Burke said at 5/13/10 10:15 AM Price action was $115.80 +7.97 (+7.4%)

I am so freaking mad I don't own any Netflix right now.

David Sachdev said at 5/13/10 2:40 PM Price action was $112.99 +5.16 (+4.8%)

I think I was about 5 cents from my target price, but sadly I wasn't at my computer. But my limit order to sell did kick in!

Mike Barkett said at 5/13/10 2:45 PM Price action was $112.60 +4.77 (+4.4%)

I picked up some puts. We'll see how well that pans out.

Mike Barkett said at 5/17/10 9:39 PM and replied Price action was $115.80 +7.97 (+7.4%)

Re: Going to 120...and your Living Room
$45.00 (-62.0%) by 5/13/12
rt quote says NFLX is at about 120 right now, so it's at your target. I'd consider taking the win and closing this one out. Not telling you what to do, but my personal feeling is that there is a bubble in NFLX. It's the cat's meow right now in terms of digital video delivery, but I think all their lofty 2010 growth has already been built into the price. And as at least one Wall St analyst firm has pointed out, the barrier to entry in digital delivery is much lower than the DVD delivery sweet spot NFLX filled for so many years. I hope I am not too early to the party on this, but I think they will deflate and then possibly be acquired at a price much lower than $6B where they are now.

Mike Barkett said at 6/9/10 4:08 PM Price action was $115.00 +4.67 (+4.2%)

what a robust stock this is proving to be. some staunch bagholders out there in NFLX land. I've got a lot of time left on my short coverage, but if you can get another good day out of them (maybe tomorrow?) then I'd say seize the opportunity and close it. We're definitely considering your auto-close suggestion...

Josh Warner-Burke said at 6/16/10 3:07 PM Price action was $125.11 +1.61 (+1.3%)

In terms of NFLX, I think that the recent action could be explained as the shift from a lot of big believers who were knowledgeable etc., to more of a momentum/retail crowd. People chasing whatever the hot thing is... no longer caring about the company itself, just wanting to get rich by following.

So when that happens the price can spike up towards some lofty valuations, but it will tend to trade sideways. In some ways NFLX is becoming what AAPL has been.