NFLX: Netflix Jumps 3% After Bullish Analyst Call

The streamer outperformed the broader market on an upbeat rating and a lofty price target.

• Netflix powered through the Wednesday noise, racing to higher grounds on aspirations that it may be worth more. And if that ain’t a self-fulling prophecy and a feedback loop. Shares of the streaming platform added 3.00% to close the trading day at $303.79 apiece.
• Driving the narrative was a positive outlook for the stock from analyst firm Oppenheimer. Some prediction experts are now calling for a 40% upside in the stock to a target price of $415 a share. Netflix peaked at an all-time high of $690 a pop in late 2021.
• Netflix stock has lost almost all its gains made this year. After shooting higher on robust Q4 growth, shares have erased their progress on fears around users fleeing the platform as a result of the crackdown on password sharing. Introducing the ad-supported tier didn’t help much either.