Netflix: RBC Hikes Target to $600 on International, Short Interest

Netflix (NFLX) shares are up $6.35, or 1.3%, at $485.64, after RBC Capital Markets‘s Mark Mahaney reiterated an Outperform rating on the shares, and raised his price target to $600 from $530, writing that the company has “sustainable scale, growth, and profitability that isn’t currently factored into its stock price,” especially in its international operations. [...]