Morgan Stanley Maintains Overweight on Netflix, Raises Price Target to $820
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Overweight rating on Netflix and raises the price target from $780 to $820.
October 10, 2024 | 12:01 pm
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POSITIVE IMPACT
Morgan Stanley has increased its price target for Netflix from $780 to $820, maintaining an Overweight rating. This suggests a positive outlook for Netflix's stock performance.
The increase in price target by a major financial institution like Morgan Stanley indicates confidence in Netflix's future performance. The Overweight rating suggests that the stock is expected to outperform the market, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100