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Netflix stock keeps ripping higher — why some analysts see more room to run [Yahoo! Finance Canada]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
A growing number of analysts are calling for the streaming giant's shares to soon trade in the quadruple digits. On Wednesday, Pivotal Research analyst Jeff Wlodarczak raised his price target on Netflix to a Street high of $1,100 a share, implying over 20% upside based on current trading levels of around $900. Bank of America's Jessica Reif Ehrlich followed one day later, boosting her target to $1,000 from $800. Jefferies analyst James Heaney also raised his target to $1,000 earlier this week. The price target increases come despite some concerns over slowing growth for the streaming giant. Netflix, Inc. (NFLX) Wall Street analysts who cover Netflix have a median price target of just around $800 a share, according to the latest Bloomberg consensus estimates. One of the main catalysts for the recent price target boosts is the company's continued foray into live events, with the most recent boxing match between Jake Paul and Mike Tyson attracting over 108 million global vie
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