Why Netflix Stock Is Surging Today
Netflix (NASDAQ: NFLX) stock is moving higher in Monday's trading following bullish analyst coverage. The company's share price was up 3.7% as of 10:45 a.m. ET and had been up as much as 4.7% earlier in trading.MoffettNathanson published new coverage on Netflix this morning, raising its rating on the stock from neutral to buy. Robert Fishman, the firm's lead analyst on the company, also raised his one-year price target on the stock from $850 per share to $1,100 per share.In its coverage today, MoffettNathanson said it thinks the market is still undervaluing Netflix's ability to monetize its large user base and engagement. The firm sees the streaming specialist improving its tech capabilities and taking advantage of advertising opportunities as it continues to grow its user base. Even with today's gains, Fishman's new price target on Netflix still suggests potential upside of roughly 16%. Continue reading
Netflix (NASDAQ: NFLX) stock is moving higher in Monday's trading following bullish analyst coverage. The company's share price was up 3.7% as of 10:45 a.m. ET and had been up as much as 4.7% earlier in trading.
MoffettNathanson published new coverage on Netflix this morning, raising its rating on the stock from neutral to buy. Robert Fishman, the firm's lead analyst on the company, also raised his one-year price target on the stock from $850 per share to $1,100 per share.
In its coverage today, MoffettNathanson said it thinks the market is still undervaluing Netflix's ability to monetize its large user base and engagement. The firm sees the streaming specialist improving its tech capabilities and taking advantage of advertising opportunities as it continues to grow its user base. Even with today's gains, Fishman's new price target on Netflix still suggests potential upside of roughly 16%.
