In a report published Friday, Baird Equity Research analyst William V. Power upgraded the rating on Netflix NFLX from Neutral to Outperform, and raised the price target from $383.00 to $420.00.
In the report, Baird Equity Research noted, “While acknowledging the significant stock move, we have gotten more comfortable with the risk and growth opportunities since our August initiation, and are raising our rating from Neutral to Outperform. We increasingly believe the company's focus on originals provides sustainable differentiation and expect significant international growth to help push shares higher. Though risks remain, a hoped-for pullback seems less likely near term, and given the long-term opportunity, we recommend the shares at current levels.”
Netflix closed on Thursday at $322.48.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in