Netflix's Stock Set To Hit Record High After Pivotal Analyst Boosts Target To $850 | Fox Business

Netflix Inc.'s stock rose 0.7% in premarket trade Tuesday, putting it on track to open at an all-time high, after Pivotal Research Group boosted its price target by more than 30%, citing a faster-than-expected rollout of the streaming video service's international offerings. Analyst Jeffrey Wlodarczak reiterated his buy rating and raised his year-end 2015 stock price target to $850, which is 38% above Monday's closing prices, from $650. He lifted his 2012 international paying subscriber forecast to 95 million from 78 million. His total subscriber forecast was raised to 160 million from 138 million, which is at least double his yearend 2015 estimate of 69 million. Wlodarczak's new stock price target is the second-highest among the 36 analysts who provided targets to FactSet, just behind the highest of $900.