NFLX stock to rise above $40 by end of Oct 2008

David Kuan — Mon, 14 Jul 2008 13:49:47 -0700

As it was reported in July, Netflix (NFLX) partnered with Microsoft to bring movie streaming to Xbox 360.

This huge deal is perceived by some as potential new growth to Netflix's distribution power with the anticipation of growing its subscribers from 8.2M to 20M.

As of writing, NFLX is at approx $31/share with a 52week high of $40.90 and low of $17.07.

Prediction: Will Netflix's stock rise above $40 by end of October 2008? Favorable judgement may be made as long as stock price hits the target during intraday trading and need not close at/above the target.

Let the community decide. Place your bets!