Wells Fargo Maintains Overweight on Netflix, Raises Price Target to $500
Portfolio Pulse from jenniferd'souza@benzinga.com
Wells Fargo analyst Steven Cahall maintains an Overweight rating on Netflix (NASDAQ:NFLX) and raises the price target from $400 to $500.
June 07, 2023 | 10:30 am
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Wells Fargo analyst Steven Cahall maintains an Overweight rating on Netflix and raises the price target from $400 to $500.
The raised price target by Wells Fargo analyst Steven Cahall indicates a positive outlook for Netflix's stock price in the short term. The Overweight rating suggests that the stock is expected to outperform its peers, which could lead to an increase in its stock price.
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