Netflix (NFLX) shares were up more than 2% despite a broadly declining market early Monday as a series of price target increases followed the company's release of higher Q1 results and Q2 guidance, both of which exceeded analysts expectations.
The company late Thursday reported Q1 net income of $6.61 per diluted share, up from $5.28 a year ago, as revenue increased to $10.54 billion from $9.37 billion. For Q2, the streaming video company is projecting EPS of $7.03 on $11.04 billion in revenue.
On Monday, Oppenheimer, Wedbush, Goldman Sachs, JPMorgan, Morgan Stanley, and other investment firms raised their price targets on Netflix stock.
Price: 1006.22, Change: +33.19, Percent Change: +3.41
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