Netflix price target raised to $550 from $475 at Barclays

Barclays raised the firm’s price target on Netflix to $550 from $475 and keeps an Equal Weight rating on the shares ahead of the Q1 report. Netflix is on track “for another strong quarter” but the “growth algorithm is getting more complicated” versus the past, which is not reflected in the stock’s valuation, the analyst tells investors in a research note. The firm says broader streaming trends highlight the growing engagement share of YouTube versus subscription streaming.