Netflix stock could soar 13% as Jake Paul vs. Mike Tyson showcased a 'knockout opportunity' in live events, BofA says [Yahoo! Finance]
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Source: Yahoo! Finance
The analysts point to the big viewership stats for the Jake Paul versus Mike Tyson boxing match. Live events will help generate strong revenue for Netflix, the analysts say. Netflix stock has room to run after the streaming giant attracted millions for its live stream of the fight between Jake Paul and Mike Tyson, according to Bank of America analysts. The analysts boosted their price target for the stock from $800 to $1,000, a 13% increase from its current price of $888 late Thursday morning. The analysts pointed to the streamer's "knockout opportunity" in live events after garnering record views for its highly anticipated boxing fight last week. The fight, between YouTuber Jake Paul and former professional boxer Mike Tyson , proved underwhelming and had some technical issues, but still drew some 60 million households and 108 million live viewers. Those views broke records and show Netflix's huge potential in the live events segment, the analysts said. "The fight was t
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