NFLX - Why Netflix Stock Popped on Monday
2024-07-15 13:31:04 ET
Earnings season is upon us, and up on Wall Street, analysts are placing bets for who will miss and who will beat earnings this quarter. The news on Netflix (NASDAQ: NFLX) is good.
This morning, three separate analysts -- Bank of America , MoffettNathanson, and Morgan Stanley -- all raised their price targets on the streaming TV provider . And as a result, Netflix stock is up a solid 2.3% through noon ET.
Admittedly, only two of these price target hikes were propitious for Netflix. Moffett raised its price target , but only to $565, and only with a neutral rating, despite predicting faster subscriber growth as Netflix's crackdown on password sharing continues converting freeloaders to paying customers. BofA and Morgan Stanley were more enthusiastic.
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Why Netflix Stock Popped on Monday