We reiterate our long-term Neutral rating on Netflix Inc. (NASDAQ:NFLX) with a target price of $121.00. Netflix reported better-than-expected fourth quarter results, boosted by a higher subscriber base. On a sequential basis, Netflix added 600,000 subscribers in the fourth quarter of 2011, largely offsetting the loss of 800,000 subscribers in the third quarter.
Netflix ended 2011 with 26.3 million subscribers (Domestic and International), which was 31.5% higher than the number of subscribers at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards