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Netflix Stock – NFLX Stock price: $650 Target By Argus

  • The stock price of Netflix (NASDAQ: NFLX) has received a price target of $650 by Argus. These are the details.

The stock price of Netflix (NASDAQ: NFLX) has received a price target of $650 by Argus. And Argus analyst Joseph Bonner upgraded Netflix shares to a “Buy” from a “Hold” rating.

Bonner pointed out that Netflix is expanding globally and has been adding new subscribers. Plus it is strengthening its industry position through its popular content. And Bonner said he believes Netflix has a sustainable competitive advantage in the streaming video space. The analyst also noted that Netflix is expected to become free cash flow positive in the near future.

“While valuation metrics for Netflix remain well above the peer average, they have improved with the recent selloff and in our view provide investors with an appropriate entry point,” wrote Bonner in the research note via MarketWatch.

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

Netflix Stock – NFLX Stock price: $650 Target By Argus

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