Netflix Stock: Next Stop, $225?
A Netflix (NASDAQ: NFLX) bull is starting to get even more bullish. BTIG analyst Rich Greenfield is raising his price target on the streaming pioneer from $170 to 225. He is naturally sticking to his buy rating on the stock.
The update isn't a surprise. Netflix stock has surged since last week's blowout second-quarter results. The stock closed at nearly $187 on Tuesday, making a $170 price goal incompatible with a current bullish market call. The bump to $225 is still newsworthy. More than a dozen Wall Street pros jacked up their price targets last week, but the highest raise then was $210.
Image source: Netflix.
Source: Fool.com