Why Netflix Stock Jumped Yet Again Today
Shares of Netflix (NASDAQ: NFLX) have jumped again today, up by 4% as of 12:30 p.m. EDT, after the company continued to receive bullish upgrades from Wall Street. Analysts have been releasing positive research notes on the dominant video streamer all week long.
Goldman Sachs, Morgan Stanley, and J.P. Morgan all reiterated buy or overweight ratings today while increasing price targets. Morgan Stanley boosted its target from $400 to $450, JPMorgan went from $410 to $480, and Goldman ratcheted up its estimate from $430 to $490. That last target matches the Street high that Pivotal assigned to Netflix shares yesterday. Evercore increased its target from $300 to $350.
Image source: Netflix.
Source Fool.com
