UPDATE: SunTrust Robinson Humphrey Raises Price Target On Netflix On Solid 4Q Report And Guide

In a report published Wednesday, SunTrust Robinson Humphrey analyst Robert S. Peck reiterated a Neutral rating on

, and raised the price target from $375.00 to $410.00. In the report, SunTrust Robinson Humphrey noted, “Netflix rebounded with a solid 4Q report and guide after the puzzling 3Q miss. The strong recovery in Int'l subscriber adds and the guided acceleration in Int'l expansion are the highlights. The latter will weigh on profitability with 2015 operating income guidance (<$403M) 25% below consensus. Domestic sub adds guidance was ~3% shy of consensus and management acknowledged a maturing market. With the stock up ~16% after-hours, 2015 and 2016 numbers coming down, and Domestic only inline, we believe risk increases and we thus maintain Neutral.” Netflix closed on Tuesday at $404.69.