Netflix, Inc. (NASDAQ:NFLX): International Subscriber Base is Strength

Netflix, Inc. (NASDAQ:NFLX) has about 45 million subscribers outside the US. The company is set to spend about $1 billion on marketing and original programming in 2017. However, there is almost a consensus in the Wall Street that the stock is overvalued. A majority of analysts who have a “Buy” rating on Netflix, Inc. (NASDAQ:NFLX) have a price target of around $158, which is where the stock is currently trading at.

But last month, MKM partners upped its price target for Netflix, Inc. (NASDAQ:NFLX) to $195. The firm thinks that the stock is poised to grow because of several opportunities for the streaming company in the international markets.

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