NEW YORK (TheStreet) -- Netflix (NFLX) - Get Netflix, Inc. Report stock is gaining by 1.83% to $94.18 in late-afternoon trading on Monday, after Piper Jaffray, UBS and RBC Capital published positive notes on the streaming-video provider.
Piper Jaffray reiterated its "overweight" rating and $122 price target on the stock, citing positive survey results, Barron's reports.
"We recently conducted a survey of 2,000 internet users in Brazil & Mexico (1,000 each country) and found awareness of Netflix, as well as intent to subscribe, is high," the firm wrote in a note. "We believe these survey results bode well for growth in those new markets."
Netflix can reach about 141 million global subscribers by 2020, Piper Jaffray contended.
UBS reiterated a "buy" rating and $141 price target on the stock based on data about "how the competitive landscape is changing in the U.K., Germany, France, Italy and Spain," according to Barron's. Netflix is doing "quite well" across Europe despite strong competitors such as Amazon.com (AMZN).
RBC Capital reiterated an "outperform" rating and $140 price target on shares.
The firm pointed to a U.S. survey showing high usage levels, solid satisfaction, improved content selection and little evidence of price sensitivity. RBC Capital also referenced a European survey that showed a higher willingness to pay for streaming content, rising penetration and high satisfaction levels.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Netflix's strengths such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and premium valuation.
You can view the full analysis from the report here: NFLX
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.