Category : News

Two Wall Street Firms Up Netflix Stock-Price Targets Ahead Of Earnings - Xizup.com

  • April 12, 2018
  • 49479
Investing.com - Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) may be under pressure, but Netflix (NASDAQ:NFLX) rolls on.Two Wall Street firms have raised their 12-month, stock-price targets on the video streaming company. JPMorgan Chase (NYSE:JPM) lifted its target from $285 to $328 a share, saying it expects strong earnings when the company reports first-quarter results next week.The firm said Netflix will continue to thrive on the disruption of traditional TV and grow its subscription base through quality original content. Morgan Stanley (NYSE:MS) upped its price target from $275 to $350, focusing on Netflix's ability to expand globally. The firm called Asia the "largest untapped opportunity." Netflix shares have doubled in the past 12 months.

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