Macquarie raised the firm’s price target on Netflix (NFLX) to $1,150 from $965 and keeps an Outperform rating on the shares. Netflix beat on top and bottom lines in Q4, the analyst tells investors in a research note. The firm says the company raised price on most its plans in the U.S. It increased estimates on the “strong beat and raise” quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- Netflix upgraded to Buy from Hold at Canaccord
- Netflix price target raised to $1,250 from $1,100 at Pivotal Research
- Netflix Wins a New Street-High PT from Pivotal Research on Record Earnings
- Netflix upgraded to Equal Weight from Underweight at Barclays
- Netflix Reports Strong Growth and Future Plans