Why We Are Revising Our Price Estimate For Netflix

Netflix posted strong numbers in its quarterly earnings announcement on April 15th and the stock has jumped over 17% since then. (You can read our earnings review here.) Subscriber growth exceeded expectations as the company added a record 4.9 million subscribers for the first three months of 2015 to take its subscriber total past 62 million globally.User engagement is also at an all-time high and subscribers streamed 10 billion hours in Q1 2015. We are revising our price estimate for Netflix to...