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Analysts Offer Commentary On Two Media Giants: Netflix, Inc. (NFLX), Pandora Media Inc (P)


Analysts are weighing in with a commentary on the internet movie-streaming giant Netflix, Inc. (NASDAQ:NFLX) and internet radio giant Pandora Media Inc (NYSE:P), following recent announcements.

Netflix, Inc.

Canaccord analyst Gregory Miller reiterated a Buy rating on shares of Netflix, Inc. (NASDAQ:NFLX), with a price target of $120, following the news that the company will be raising the price of its most popular (2-stream) offering $1 from $8.99 per month to $9.99 per month.

Miller noted, “Although the prior price increase was not executed flawlessly, we believe the business has in fact demonstrated the capability to hold such price increases. With the flood of additional and increasingly original content that has been introduced since that time, we believe yet another price increase could in fact hold and be beneficial for shareholders, as it implies the long-term price trajectory could be greater than initially indicated by management.”

“While the initial stock reaction has been positive this afternoon, should the increase be officially announced, it may be cause for concern in the near term in...