Netflix, Inc. (NASDAQ:NFLX) is having a dream period post its earnings report in January. Netflix, Inc. (NASDAQ:NFLX) has gained more than 25% since the beginning of this year. Many analysts have upgraded the rating on Netflix, Inc. (NASDAQ:NFLX) stock and increased their price targets. Due to these increased price targets and upgrades Netflix, Inc. (NASDAQ:NFLX) stock has gained more than 3% on Tuesday. The Street’s Kurumi Fukushima reported on The Street about Netflix, Inc. (NASDAQ:NFLX)’s rally.
Fukushima reported that Netflix, Inc. (NASDAQ:NFLX) rallied on Tuesday due to several price target increases. She said that due to this rally, Netflix, Inc. (NASDAQ:NFLX) was considered as ‘Move of the Day’ by The Street. She pointed out analysts at both Barclays and Cantor Fitzgerald raised their price targets on Netflix, Inc. (NASDAQ:NFLX) stock maintaining a ‘buy’ rating by $50 from their original targets. She mentioned that Barclays analysts have raised Netflix, Inc. (NASDAQ:NFLX)’s price target from $400 to $450, whereas Cantor Fitzgerald have increased the price target from $450 to $500.
“[…] The firm (Cantor Fitzgerald) believes that increasing momentum in television bundling will speed up the migration to the internet TV. Cantor Fitzgerald believes that Netflix is the best value in the space,” Fukushima reported.
“Netflix may be the poster child of internet TV, given its early mover advantage and scale at 57 million subscribers worldwide,” Fukushima quoted Cantor Fitzgerald’s Analyst Note.
She pointed out that Netflix, Inc. (NASDAQ:NFLX) finished the day a little over 3% at $438.28. She pointed out that Netflix, Inc. (NASDAQ:NFLX) is also one of the top gainers in S&P 500.
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