Netflix Stock Is on a Nightmare Run. Why It Just Got an Upgrade.
Market Intelligence Analysis
AI-PoweredNetflix stock received an upgrade from PhillipCapital, with the analyst raising her price target to $100 and changing her rating to Accumulate from Sell, citing the company's leadership in the video on-demand space and strong pricing power.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Netflix has taken a battering ever since the video streamer said it had agreed to buy Warner Bros. —but the beaten-down stock caught an upgrade on Monday. Helena Wang, analyst at the Singaporean brokerage and wealth manager PhillipCapital, raised her rating on Netflix to Accumulate from Sell and upped her price target to $100 from $95. “Netflix continues to demonstrate clear leadership in the video on-demand space and strong pricing power,” Wang wrote in a research note.
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