Why Netflix Stock Zoomed Almost 6% Higher Today
(NASDAQ: NFLX) is on the cusp of releasing its latest set of quarterly earnings, and analysts were upping their price targets in anticipation of a good show. On the back of two such hikes on Tuesday, investors pushed the entertainment stock's value up by 5.5%, crushing the S 500 index's 0.7% increase.
The two raising parties were Jefferies's Andrew Uerkwitz and Matthew Harrigan of Benchmark, both of whom added considerably to their respective levels. For Uerkwitz, Netflix is now worth $520 per share rather than the $440 of his preceding estimation. He reiterated his buy recommendation on the stock.
Harrigan's new price target on the shares is $293 apiece. Previously, it stood at $250. This doesn't mean he's about to binge on the video streamer, however, as he maintained his sell recommendation.
Source Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
With a target price of 635 € there is a slightly positive potential of 1.54% for Netflix Inc. compared to the current price of 625.4 €.
