Netflix Shares Rise on Bullish Analyst Upgrade Citing Potential for Future U.S. Price Hikes, Outlook for Strong Ad Growth
Reading now: 959
variety.comTodd Spangler NY Digital Editor The No. 1 premium video streamer won a big vote of confidence from an analyst firm that has been among the most conservative on Wall Street in estimating Netflix‘s future growth.
Analysts at MoffettNathanson on Monday upgraded their rating on Netflix from “neutral” to “buy” and increased their 12-month price target on the stock from $850 to $1,100/share.
On MoffettNathanson’s upgrade and bullish commentary, Netflix shares were up 3.8% in morning trading Monday around 11:30 a.m.
ET, amid smaller upticks in S&P 500 (+0.22%) and Dow Jones Industrial Average (+0.61%) and a decline in the Nasdaq Composite (-0.35%).
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
