B of A Securities Maintains Buy on Netflix, Raises Price Target to $585
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Ehrlich has maintained a Buy rating on Netflix (NASDAQ:NFLX) and increased the price target from $525 to $585, indicating a positive outlook on the company's stock.
January 17, 2024 | 2:51 pm
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Netflix's Buy rating has been reaffirmed by B of A Securities, with a raised price target from $525 to $585, suggesting confidence in the company's future performance.
The increase in the price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 85
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