Netflix stock rises after upgrade report boosts confidence

deadline.com

Netflix shares rose 4.2% to about $956 after MoffettNathanson upgraded its rating from neutral to buy, with a new price target of $1,100. The report highlights confidence in Netflix's margin expansion and subscriber growth. Other media and tech stocks also gained, with Snap up 5% and Lionsgate up 4.2%. The broader market saw a rally, with the Dow Jones Industrial Average increasing by 390 points amid a recovery from recent downturns. The report follows strong fourth-quarter earnings for Netflix, emphasizing its ability to leverage a growing subscriber base for content spending. Analysts predict significant advertising revenue growth, estimating over $6 billion by 2027.


With a significance score of 2.3, this news ranks in the top 37% of today's 18421 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...

Timeline:

    [2.2]
    Netflix stock rises 3.7% after rating upgrade (fool.com)
    15h
    Source
    [2.2]
    MoffettNathanson upgrades Netflix stock rating to buy (hollywoodreporter.com)
    15h
    Source
    [1.9]
    MoffettNathanson upgrades Netflix, anticipating 20% stock increase (cnbc.com)
    18h
    Source