Morgan Stanley Maintains Overweight on Netflix, Raises Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Overweight rating on Netflix (NASDAQ:NFLX) and increased the price target from $475 to $550.
December 18, 2023 | 3:49 pm
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POSITIVE IMPACT
Morgan Stanley analyst reaffirms an Overweight rating on Netflix and raises the price target to $550, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong confidence in Netflix's future performance. This typically has a positive effect on investor sentiment and can lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100