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Netflix, Inc. Close To All-Time High After Two Analyst Upgrades

Netflix, Inc. (NASDAQ:NFLX) shares were trading close to an all all-time high on Monday following an upgrade from two Wall Street analysts. The stock, which has an all-time high of $129.29, closed at around $123 on Monday.

Bullish on international expansion

David Miller from Topeka Capital Markets maintained his Buy rating on the streaming firm, and raised his price target from $126 to $161. Separately, Stifel analyst Scott Devitt reiterated a Buy rating on the stock, and raised the price target from $128 to $143.

Miller is bullish on international subscriber growth, and has raised his estimates for 2015 and 2016. The estimates from Miller include the September launch of the service in Japan, and Spain, Italy and Portugal in the last quarter. The analyst now expects the U.S. firm to...