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With Netflix (NFLX) putting the pedal to the metal on its global expansion, profits are taking a back seat to subscriber growth. Analysts will be focused on net new subscribers when the on-demand Internet television service reports its Q1 earnings after the market close on Wednesday. Canaccord Genuity analyst Gregory Miller on Monday reiterated his buy rating on Netflix stock and raised his price target to 530 from 450, based on the company’s long-term growth potential. Miller also lowered his earnings estimates for Netflix in light of the company’s accelerated global rollout. Netflix plans to complete its global rollout by the end of 2016. “While we agree with Scalper1 News
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