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Why Netflix's Stock Is Trading Higher Today

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Why Netflix's Stock Is Trading Higher Today

Netflix, Inc. (NASDAQ: NFLX) shares are trading higher on Tuesday amid broad market strength.

Bank of America analysts raised their price target on the stock and maintained a Buy rating. Streaming stocks have been of interest recently amid the coronavirus pandemic, as consumers opt for home entertainment.

The company may be benefiting from consumers opting for streaming and home entertainment platforms amid theater closures.

Netflix shares were trading up 4.51% at $414.63 at the time of publication on Tuesday. The stock has a 52-week high of $417.38 and a 52-week low of $252.28.

Related Links:

Disney's 50M Streaming Subscribers No Reason To Celebrate: Here's Why

Roku Analysts On Streaming Growth, Early Q1 Data: 'Path To Profitability Is Unclear'

Latest Ratings for NFLX

DateFirmActionFromTo
Oct 2020OppenheimerMaintainsOutperform
Oct 2020WedbushMaintainsUnderperform
Oct 2020BenchmarkMaintainsSell

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View the Latest Analyst Ratings

 

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AEORaymond JamesMaintains20.0
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