Netflix Shares Up with New Price Target
Key points:
- Netflix shares increased by 1.5% in premarket trading
- Evercore ISI raised Netflix's price target to $640
Netflix shares saw a 1.5% increase in premarket trading. Evercore ISI, a brokerage firm, raised their price target for Netflix from $600 to $640, suggesting a potential 5% upside. This adjustment maintains an outperform rating for the company. Among the 45 analysts covering the stock, the average rating is 'buy', with a median price target of $600.