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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Boehner opens door to cutting U.S. oil tax breaks 8:26am EDT Poplar Bluff levee breached south of city Tuesday 1:59pm EDT More twisters and flooding expected in mid-South | 1:52pm EDT Five women brutally murdered in Mexico beach resort 23 Apr 2011 Third air traffic controller fired for sleeping 12:57pm EDT Discussed 143 Texas governor calls for prayers for rain 136 Obama sees no magic bullet to push down gas prices 65 U.S. sends drones to Libya as battle rages for Misrata Watched Taliban prisoners escape Afghan jail Mon, Apr 25 2011 NATO jets bomb Gaddafi compound Mon, Apr 25 2011 Afghans show prison break tunnel Mon, Apr 25 2011 Analysts confident of Netflix's streaming service growth Tweet Share this (Reuters) - Analysts remained confident of Netflix Inc's web streaming services growth model, despite a disappointing profit outlook that triggered a sharp fall in the company's stock price on Monday. At least four brokerages raised their target... Email Print Related News Netflix profit rises, but outlook disappoints Mon, Apr 25 2011 Inflation jitters interrupt Wall Street rally Mon, Apr 25 2011 iPhone helps Verizon, but not enough for some Thu, Apr 21 2011 Apple crushes forecasts again, iPad backlogged Wed, Apr 20 2011 Goldman profit drops, regulations cloud outlook Tue, Apr 19 2011 Analysis & Opinion Why analysts hate putting out sell ratings Oil price Viagra is losing its effect on Big Oil Related Topics Technology » Media » Stocks Netflix Chief Executive Officer Reed Hastings speaks during the launch of streaming internet subscription service for movies and TV shows to TVs and computers in Canada at a news conference in Toronto September 22, 2010. Credit: Reuters/ Mike Cassese Tue Apr 26, 2011 12:42pm EDT (Reuters) - Analysts remained confident of Netflix Inc's web streaming services growth model, despite a disappointing profit outlook that triggered a sharp fall in the company's stock price on Monday. At least four brokerages raised their target price on the company's stock, citing Netflix's ability to expand the subscriber base for its online streaming services as the number of connected devices grow. "Netflix is benefiting from momentum related to appeal of streaming service through more connected devices and set-top boxes, fewer physical DVD rental stores, rapid growth of kiosk outlets... and new subscription venues through mobile devices," Citigroup analyst Mark Mahaney said. He raised his target price on the stock to $245. Netflix has signed a number of agreements to build its streaming offerings repertoire. Recent deals include one with Lionsgate for "Mad Men," with Fox for "Glee," and with CBS for shows such as "Cheers and "Frasier." The top movie rental service provider's first-quarter results outpaced expectations on higher operating margins but the company's earnings outlook fell short of expectations. Analysts, however, remained wary of the high valuation Netflix's common stock currently trades at. "Current valuation captures much of the short/medium term potential, in our view," said Jefferies analyst Youssef Squali, who raised his price-target on the stock to $240 and maintained a "hold" rating. Shares of Netflix fell 5 percent after its report, a sign that anything less than perfect will not suffice for a company whose stock has nearly tripled over the past year and become a target of short-seller. They were down 5 percent at $239.07 in trading before the bell, having closed at $251.67 on Monday on Nasdsq. (Reporting by Himank Sharma in Bangalore; Editing by Joyjeet Das) Technology Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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