Piper Sandler has upgraded Netflix (NFLX, Financial) from a "neutral" rating to "overweight," with a revised target price increasing from $650 to $800. Analysts cite growth opportunities in Netflix's ad-free subscription services as a key factor in the decision.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Are you looking ahead to next year's potential market-beating stocks? These companies are coiled springs ready to explode.
Netflix's (NFLX) stock price has continued to do well this year, soaring to a record high of $720. It has jumped by over 348% from its lowest point in 2022, making it one of the best-performing media companies on Wall Street.
The relative resistance zone for Netflix stock sits right around 775.
These companies have plenty of growth runway left.
On Thursday, Direxion expanded its single-stock leveraged and inverse ETF selection with new funds that focus on Netflix and Taiwan Semiconductor Manufacturing Company Limited (TSMC). Staying Engaged With Streaming Looking at Netflix, the Direxion Daily Direxion Daily NFLX Bull 2X Shares (NFXL) aims to provide 200% of the daily performance of Netflix's common shares.
Stock split or not, Netflix stock could be worth considering.
Direxion has just expanded its roster of leveraged and inverse ETFs. This time, it targets two household names: Netflix Inc NFLX and Taiwan Semiconductor Manufacturing Co Ltd TSM.
Netflix (NFLX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Netflix stock has had a pretty good year, rising by almost 45% year-to-date as the company successfully navigated a brief subscriber decline post-Covid-19. This compares to rival Disney, which has gained about 7% over the same time frame.
Netflix's market cap already exceeds those of legendary companies like McDonald's, PepsiCo, and Walt Disney. Over the last decade, Netflix stock has averaged a compound annual growth rate (CAGR) of 27.5% -- more than double the return of the S&P 500.