Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

As Netflix Stock Surges, Analysts Raise Price Targets

Published 08/03/2018, 03:14 am
Updated 08/03/2018, 03:14 am
© Reuters.

© Reuters.

Investing.com - Netflix (NASDAQ:NFLX) stock has surged in 2018 and two Wall Street firms think there is more to come.
UBS and Macquarie both raised their 12-month stock price targets, saying quality content and a new generation of HDTVs will boost subscribership.
UBS raised its price target from $290 to $345 a share, while Macquarie increased its from $275 to $330.
UBS called Netflix a "content powerhouse", able to appeal to both international and domestic audiences.
Macquarie expects more people to pay for Neflix's premium-priced service as they purchase the latest high definition television, known as 4k TV.
Netflix shares are up about 60% this year, while the S&P 500 is essentially flat.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.