Wedbush Maintains Outperform on Netflix, Raises Price Target to $615
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Michael Pachter has maintained an Outperform rating on Netflix (NASDAQ:NFLX) and increased the price target from $525 to $615, indicating a positive outlook on the company's stock.
January 24, 2024 | 1:31 pm
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Wedbush analyst Michael Pachter has reaffirmed an Outperform rating on Netflix and raised the price target to $615, suggesting confidence in the company's future performance.
The increase in the price target by a respected analyst like Michael Pachter can lead to a positive investor sentiment and potentially drive the stock price up in the short term. The Outperform rating reaffirms the analyst's belief in the company's potential to outperform the market or its sector.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100