Wells Fargo Maintains Overweight on Netflix, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Netflix (NASDAQ:NFLX) and increased the price target from $460 to $650.

January 24, 2024 | 3:17 pm
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Wells Fargo analyst Steven Cahall reaffirmed an Overweight rating on Netflix and raised the price target to $650, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Steven Cahall from Wells Fargo is a strong positive signal to the market, suggesting a higher valuation and potential upside for Netflix's stock. This is likely to be taken as a bullish sign by investors, potentially driving short-term buying interest and an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100