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Netflix (NFLX) got a boost Friday from a report by Nomura Securities, which raised its forecast for international subscribers and its price target on Netflix stock. Netflix was up 1.7% to above 681 in afternoon trading on the stock market today. Nomura analyst Anthony DiClemente reiterated his buy rating on Netflix stock and raised his price target to 750 from 600. He says the Internet TV leader can grow to 94 million international subscribers by 2020, up from its prior target of 80 million. DiClemente anticipates that Netflix will grab 13% of broadband Internet households. “We believe a growing mix of global content license agreements will result in much higher longer-term operating margins vs. Street estimates,” DiClemente said in a research report Thursday. “Long-term international margin expansion remains the most significant source of upside to Netflix shares.” By 2020, Netflix could have 152 million subscribers, including 58 million in the… Scalper1 News
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