Netflix Stock: Next Stop, $500?
(NASDAQ: NFLX) shares have nearly doubled over the past year, but that doesn't mean that there aren't some non-bulls out there who need convincing. Maybe they will listen to Baird analyst Vikram Kesavabhotla, who has upgraded the streaming service stock to outperform from neutral, impressed by its near-term prospects after last week's financial update.
If you like a good plot twist -- and Netflix viewers probably enjoy a good plot twist -- Kesavabhotla's newfound love for the stock after Wednesday afternoon's second-quarter report is unique. The shares actually surrendered more than 10% of their value in the two trading days following the earnings release.
However, the Baird analyst has his reasons and he's also boosting his price target from $340 to $500, implying 17% of near-term upside from current levels. Will Netflix recover from its initial earnings dip? Let's take a closer look at the challenges and opportunities that the wold's most popular premium streaming video service faces on the potential path to $500.
Source Fool.com
Netflix Inc. Stock
The stock is one of the favorites of our community with 124 Buy predictions and 3 Sell predictions.
With a target price of 100 € there is a hugely positive potential of 59.97% for Netflix Inc. compared to the current price of 62.51 €.
