Guggenheim analyst Michael Morris raised his price target for Netflix to $420 from $360 and keeps a Buy rating on the shares. The streaming service closed yesterday up $17.30, or 5%, to $367.65. The analyst believes that Netflix "subscriber penetration will significantly exceed what is implied in the company's current valuation." Netflix offers a "substantial consumer value" in price and utility while having an efficient model that will continue to support a "virtuous cycle" of quality content creation, distribution and monetization, Morris tells investors in a research note. He thinks the company's Q3 launch of original local-market content in India and upgrades to its user experience will support further upside in the shares.

Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here