Wal-Mart Teams with Netflix


Wal-Mart Teams with Netflix : Gizmodo Well it looks like Wal-Mart is throwing in the towel and passing the baton for online DVD delivery to Netflix. And then there is the news that Blockbuster is starting to consider raising their online DVD subscription price. Netflix certainly is looking better today than they were a week ago. Of course the stock has been running up ever since Ichan made it on to the Board of Blockbuster, moving from just under $12 a share to $17.44 today.

Wedbush Morgan analyst Michael Pachter still has not updated his $3 per share 12 month price target and sell rating on Netflix that we wrote about a little while back.

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  1. Anonymous says:

    Makes me wonder who will be the next company to jump into the space. A major brand? A young up-start? There appears to be plenty of room.