2020-04-22 07:55:05 NFLX Netflix
04/22/20 04/2207:55 04/22/2007:55 | Netflix price target raised to $500 from $400 at Deutsche BankDeutsche Bank analyst Bryan Kraft raised the firm's price target on Netflix to $500 from $400 and keeps a Buy rating on the shares following last night's Q1 results. While the stock has outperformed throughout the COVID-19 crisis, the outperformance is justified given Netflix's unique position of being exposed to secular growth that is accelerating as a result of worldwide stay-at-home orders, Kraft tells investors in a research note. The analyst does not believe these benefits are transitory, thinking they represent an acceleration in the pace of secular adoption of streaming video and of Netflix in particular. | |
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