Netflix Stock To Rally 14%? Analyst Bumps Up Price Target On 2 Promising Trends: 'Tracking Toward...

Published on 20 Mar 2024 on Benzinga

Netflix Stock To Rally 14%? Analyst Bumps Up Price Target On 2 Promising Trends: 'Tracking Toward...

Netflix, Inc. NFLX shares rose moderately in premarket trading on Wednesday after an analyst raised the price target for the stock. The streaming giant is set to release its first-quarter results on April 18.

The Netflix Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating and raised the price target for the stock by about 22% from $580 to $705. The updated price target suggests a scope for roughly 14% upside potential.

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Netflix Stock To Rally 14%? Analyst Bumps Up Price Target On 2 Promising Trends: 'Tracking Toward...

NASDAQ.NFLX price evolution

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