Why Netflix Stock Is Gaining During Another Tough Session for the Market [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
by 2.7%. The streaming video stock had been up by as much as 4.7% earlier in the session. Netflix rose thanks to a surge of bullish coverage from analysts following the first-quarter report it published last week, which featured better-than-expected sales and earnings, and a forecast for $8 billion in free cash flow this year. Despite macroeconomic concerns, investors are seeing promise in the streaming leader's outlook. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Investment firms including Wedbush, Morgan Stanley , and JPMorgan cheered Netflix's results and guidance, and raised their price targets on the stock, which appears to be gaining favor as a growth play that could hold up well in the event of a recession. The company delivered 12.5% sales growth and a big earnings beat in the first quarter, and for Q2, management expects that sales growth will accelerate to roughly 15%. The comp
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