Macquarie Upgrades Netflix to Outperform, Raises Price Target to $595
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen upgraded Netflix (NASDAQ:NFLX) from Neutral to Outperform and increased the price target from $410 to $595, indicating a positive outlook on the company's future performance.

January 24, 2024 | 2:30 pm
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Netflix's stock rating has been upgraded by Macquarie analyst Tim Nollen from Neutral to Outperform, with a significant raise in price target from $410 to $595, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect an improved outlook on the company's future earnings and performance. The substantial increase in the price target from $410 to $595 by a reputable analyst is likely to instill confidence among investors and could result in a short-term price increase for Netflix's stock.
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