NEW YORK (TheStreet) -- Shares of Netflix Inc (NFLX) are climbing, 0.04% to $623.25 in mid-morning trading Friday, after the company had its price target raised to $700 from $600 at RBC Capital this morning.
The firm maintained its "outperform" rating, but increased its price target saying its surveys in Germany and France revealed early traction in Europe.
RBC Capital added that its U.S. survey showed American subscribers who are "extremely satisfied" or "very satisfied" with the Netflix service hit a record 72% of respondents.
Netflix is an Internet television network that allows users to play, pause and resume watching content, with more than 44 million members in 40 countries.
The company is based in Los Gatos, Calif.
Separately, TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and premium valuation."
Highlights from the analysis by TheStreet Ratings Team goes as follows: