Netflix price target raised to $1,500 from $1,400 at Jefferies

Jefferies analyst James Heaney raised the firm’s price target on Netflix (NFLX) to $1,500 from $1,400 and keeps a Buy rating on the shares following results that the firm called “solid” and featured “no Q2 surprises.” The firm was “most encouraged” to see United States and Canada revenue growth accelerate to 15% year-over-year, which suggests limited churn from the recent price increases, adds the analyst, who believes the company can sustain 20%-plus EPS growth over the next three to five years.