Wednesday, October 27, 2021
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Netflix Stock – $560 Target (Up From $550) By Stifel

  • The shares of Netflix Inc (NASDAQ: NFLX) have received a price target increase from $550 to $560 by Stifel. These are the details.

The shares of Netflix Inc (NASDAQ: NFLX) have received a price target increase from $550 to $560 by Stifel. And Stifel analyst Scott Devitt upgraded Netflix shares from a “Hold” rating to a “Buy.”

Devitt pointed out that he has been waiting for Netflix to have the quarter where a pull-forward of subscribers due to the pandemic had become evident as shown in the first-quarter results. And he is still expecting a three- to nine-month period of working through additional COVID comp issues.

And Devitt noted that the shares should be accumulated on price weakness created by COVID comps since he believes Netflix is going to remain a “compelling long-term growth story.”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

Netflix Stock – $560 Target (Up From $550) By Stifel

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