Netflix price target raised to $485 from $388 at Wolfe Research

Wolfe Research analyst Peter Supino raised the firm’s price target on Netflix to $485 from $388 and keeps an Outperform rating on the shares. With U.S. paid sharing in motion, Wolfe sees a once in a life-time opportunity for Netflix to benefit from both ARPU and subscriber gains at nearly 100% incremental margins, the analyst tells investors in a research note.